Adani succession plan: Group says Gautam Adani misquoted on heirs, equal beneficial interest in family trust

Adani Enterprises on Wednesday issued a clarification on Gautam Adani's succession plan..

The company cleared that air around Adani Group Chairman Gautam Adani retirement plan and said he was misquoted concerning heirs and equal beneficial interest in the family trust...

In an official statement, the company said: We would like to clarify that, in a recent interview, Mr Gautam Adani shared his thoughts on succession planning to ensure business sustainability..

The report said the business will be divided amongst four successors -- Gautam Adanis sons Karan and Jeet Adani and their cousins Pranav and Sagar Adani..

All four of them are named heirs through a family trust, the report said.. Pranav Adani (45), Karan Adani (37), Sagar Adani (30), and Jeet Adani (26) occupy prominent roles within various sectors of the Adani Group...