Gautam Adani steps back from ports business

Billionaire Gautam Adani has stepped down as executive chairman of Adani Ports & Special Economic Zone (APSEZ), taking on a non-exec chairman role instead.  The decision aligns with India’s Companies Act, which limits full-time directors from holding executive roles in multiple companies simultaneously. APSEZ, India’s largest port operator, is already led by two executive directors—managing …

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