Shares of Adani Green Energy (AGEL) declined by 2.3% today, reaching ₹1,053.25 on the BSE, following the announcement of a key leadership transition. The company disclosed that Amit Singh, the current CEO, will step down effective March 31, 2025, to take on a new role within the Adani Group. Ashish Khanna, currently CEO of the International Energy Business for the Adani Group, will succeed Singh as CEO starting April 1, 2025. In an exchange filing, AGEL confirmed that the changes were approved at its Board of Directors meeting held on December 30, 2024. Adani Green Energy, known for its extensive renewable energy portfolio, is India’s largest and among the world’s leading clean energy companies. However, the company’s shares have been under pressure. Over the past year, the stock has declined by 34.4%, with sharper drops of 41.4% over the last six months and 45% in the past three months, as per BSE analytics. The prolonged downward trend highlights growing investor concerns, though the leadership change could signal strategic shifts for the company in the future.