Gautam Adani Son Karan Adani is an ACC chief, group to invest $2.5 billion

Karan Adani, the senior child of tycoon industrialist Gautam Adani, was raised as the executive of ACC on Friday

The procurement makes Adani India's second biggest concrete maker after UltraTech Concrete with a limit of almost 70 lakh tons.

Not long after Adani's takeover, the two concrete firms reported the renunciation of their board, including the ongoing Chiefs and CFOs.

Gautam Adani himself was selected the executive and Karan a chief in Ambuja Concretes, which holds 50.05 percent of ACC.

Karan, who is financial matters move on from Purdue College, US, is the President of gathering firm Adani Ports and SEZ Ltd.

The Adani family, through their specific reason vehicle, Try Exchange and Venture Ltd, finished the obtaining of Holcim's concrete business in the wake of shutting the exchange with the Swiss firm and its open deal.