Gautam Adani's elder son to oversee newly acquired cement companies

An announcement on Karan's appointment could come as soon as Friday, the people said. A representative for Adani Group declined to comment.

Karan Adani, the elder son of world’s third-richest man Gautam Adani, is set to oversee the family’s scaled up cement business, according to people familiar with the matter, as the rapidly expanding conglomerate seeks to integrate the two cement companies it acquired for $10.5 billion in May.

Besides bringing in his son, the Indian billionaire is also planning to enlist key senior executives to help grow the cement business and mentor Karan, according to the people, who asked not to be identified as the information is private. Karan, 35, is currently the chief executive officer of Adani Ports and Special