Gautam Adani, chairman of the Adani Group, has clarified that he has not set a specific retirement date nor detailed succession plans, contrary to media reports. Adani Enterprises Ltd stated that Adani was misquoted regarding his retirement and the distribution of his family’s trust. Adani emphasized that succession will be a gradual process, not tied to a fixed age, and involves his sons and nephews. The clarification follows a Bloomberg report suggesting Adani plans to retire at 70. For investors, this uncertainty may impact perceptions of the group’s long-term stability and leadership transition.
