Earthquake came in the life of Gautam Adani when Hindenburg Research of America released a report against him. In this report, serious questions were raised about the role of his elder brother Vinod Adani. Now Adani Group has made a big disclosure on this.
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Probably every child of India knows about billionaire industrialist Gautam Adani, but very little information about his family is public. That’s why when the name of Gautam Adani’s elder brother Vinod Adani surfaced in the report of Hindenburg Research, then many people came to know about it. Now a big disclosure has been made by Adani Group about Vinod Adani, about whose role many questions were raised in the report of Hindenburg Research.
Adani Enterprises, the flagship company of Adani Group, has informed the stock market that Vinod is part of the promoter group of Adani Group. Gautam Adani and Rajesh Adani are individual promoters in several listed companies of the Jahan group. Whereas Vinod Adani is a part of this group and both are close relatives of the individual promoters.
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Vinod Adani is the real owner of these two companies.
In the statement issued by Adani Group, it has been clearly stated that Vinod is part of the promoter group of different listed companies of Adani Group. Their participation is completely according to Indian rules. While this has been disclosed from time to time in the public information related to the stock exchange.
According to information, Gautam Adani’s elder brother Vinod Adani lives in Dubai. He has Endeavor Trade and Investment Limited (Endeavor Trade and Investment Limited) Company has control. This company has actually acquired ACC Cement and Ambuja Cement Limited. Although both these companies are part of the Adani Group.
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Adani Group had acquired the Indian business of Holcim Cement Company last year. With this deal, Adani Group had become the second largest cement company in the country.
Denied Vinod’s role in January
In January, when the Hindenburg Research report came out, Adani Group had said that Vinod Adani does not have any management post or power in the listed companies of Adani Group. Nor do they interfere in the day-to-day functioning of the subsidiary companies of these companies.