Adani Ports appointed D Muthukumaran as CFO

Adani Ports – D Muthukumaran has been appointed by Adani Ports as the company’s Chief Financial Officer (CFO) and Key Managerial Personnel, the company said on Thursday. 
 
The appointment was made in accordance with recommendations made by the Nomination and Remuneration Committee, Audit Committee, and Board of Directors of the Company at its meeting on July 7th, according to the ports and logistics division of the Gautam Adani-led Adani Group. 
 
On July 25, 2022, D. Muthukumaran is anticipated to join the organization.

Adani Ports

According to reports, Muthukumaran, a Chartered Accountant and Cost Accountant, graduated in 1995 and has over 25 years of relevant expertise in accounting and finance. He has previously worked for companies including Deloitte, Lazard India Ltd., Aditya Birla Group, and Renew Power. He is well known for having contributed significantly to private equity fundraising, public listings in foreign markets, and debt issuances in both local and foreign markets. 
 
The newly hired CFO is also instructed to focus on regulatory & tax structuring, leverage buyouts, and structured finance. 
 
On the National Stock Exchange (NSE), Adani Ports & SEZ Ltd. shares finished today at Rs 703.65, up 1.33 percent from the previous close.