Adani group issues clarification on succession plan; says 'misquoted concerning heirs & equal beneficial interest in family trust'

Adani Enterprises clarified on Tuesday that Gautam Adani was misquoted in a report about the succession plan for his $213 billion empire. The company stated that Adani's remarks on succession planning were misinterpreted and that he did not specify a timeline for retirement or transition. Adani had mentioned involving his sons and nephews in the group's businesses, but the report incorrectly suggested details about heirs and their equal interest in the family trust.