Gautam Adani resigns as APSEZ ChairmanIn a sudden move, Gautam Adani has resigned as Executive Chairman of Adani Ports and Special Economic Zone Ltd. (APSEZ), popularly known as Adani PortsTuesday August 5, 2025 7:02 PM , ummid.com News NetworkMumbai: In a sudden move, Gautam Adani has resigned as Executive Chairman of Adani Ports and Special Economic Zone Ltd. (APSEZ), popularly known as Adani Ports. Gautam Adani is Founder and Chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India. In a statement released Tuesday, the company said with this re-designation, Adani will no longer be classified as key managerial personnel. About Adani PortsThe APSEZ owned by Adani Group is India’s largest private port operator, courtesy the strong support from the present government. The Adani Group is in news for different "scams" that first appeared after the U.S. bases short-seller Hindenburg accused it of buying and selling own shares for market manipulation.