Adani’s board said in January that “Vinod Adani does not hold any management position in Adani’s listed companies or their subsidiaries and has no responsibility in their day-to-day affairs.
” Vinod Adani, elder brother of Adani Group founder Gautam Adani, is part of Adani Promoter Group, Adani Enterprises, the group’s flagship, said.
“We would like to convey that Gautam Adani and Rajesh Adani are the respective promoters of various listed companies within the Adani Group and Vinod Adani is the immediate relative of the promoter,” the company said. said in a public filing on Thursday. Under Indian regulations, Vinod Adani is part of a “sponsor group” of various companies listed within the Adani group, according to the filing.
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This fact has been given to the Indian authorities from time to time in various statements,” he said.
In addition, the fact that Endeavor Trade and Investment Limited (a company controlled by Vinod Adani), the acquirer of ACC and Ambuja Cements Ltd, is owned by the Adani group has been disclosed in the tender document, the company said. Vinod Adani is based in Dubai. The group said in January that “Vinod Adani does not hold any management position in Adani’s listed companies or their subsidiaries and has no day-to-day operations.” “We insist that all transactions of Adani portfolio companies and any related party are properly identified and disclosed like other related transactions in accordance with Indian laws and regulations and done at arm’s length. “
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