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Adani Group could find funding harder
Adani Group could find funding harder after US indictment as banks review credit
Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme.
Adani Group funding in focus after US indictment against founder
Bonds issued by the Adani Group dropped sharply for a second day on Friday, although some of its shares stabilised after steep losses the previous day following news of the warrant. Some global banks are considering temporarily halting fresh credit to the Adani Group but maintaining existing loans after the U.
Adani's troubles: Global banks weigh halting fresh credit to Adani after U.S. indictment
Global banks are reassessing their lending to India's Adani Group. This follows fraud charges against its founder, Gautam Adani, by US prosecutors. Banks may pause new loans but retain existing ones.
India, gautam adani
Key Detail in Adani Indictment Confirmed by Indian Solar Agency
The Indian agency in charge of auctioning a solar project at the center of Adani Green Energy Ltd.’s indictment confirmed it allotted 2.3 gigawatts capacity to the conglomerate, after the original winner refused to develop them.
Everything we know about US indictment of Indian billionaire Gautam Adani
Indian billionaire Gautam Adani has been slapped with criminal fraud charges in the US for allegedly orchestrating a $250m (£198m) bribery scheme to secure lucrative renewable energy contracts in his home country.
US indictment of Gautam Adani puts India Inc’s reputation on trial
US criminal and civil charges accusing the group’s founder Gautam Adani of involvement in a $265mn bribery scheme have startled Indian businesspeople and given potent ammunition to Modi’s parliamentary opponents.
18m
on MSN
New petition filed in SC against Adani Group in connection with the US indictment order
The petition, filed by Vishal Tiwari, an advocate appearing in person, seeks to include critical documents related to ...
Bloomberg L.P.
1d
Adani to Respond to US Bribery Allegations After Legal Review
The
Adani
Group will respond to bribery allegations leveled by the US after a detailed legal review and once it has secured ...
25m
Adani Group CFO makes BIG statement on US report, says, 'none of the...'
In a statement, Adani Group CFO Jugeshinder Singh strongly dismissed the allegations as unfounded Shivam Verma Updated : Nov ...
11h
Adani Energy Solutions says no material impact from Kenya energy deal cancellation
Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require ...
10h
on MSN
Adani CFO Says US Charges Linked to Only One Business Contract
NEW DELHI (Reuters) -A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green ...
Ada Derana
40m
Sri Lanka ‘should be vigilant’ about Adani power deal following US indictment, say experts
Sri Lanka should be vigilant about the Adani power project in the island, experts said, after Federal prosecutors in New York ...
1d
on MSN
Gautam Adani's associates used Excel and PowerPoint to discuss their bribe options in a $250 million scheme, prosecutors say
Federal prosecutors said a consultant created multiple presentations, including one discussing how to reimburse Adani for the ...
2d
on MSN
US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
Indian businessman Gautam Adani, one of the world’s richest people, has been indicted in the U.S. on charges he duped ...
57m
on MSN
Adani US indictment: SEC issues summons to Adani Group, nephew Sagar in bribery case
Days after filing a lawsuit in a New York court, the Securities & Exchange Commission has issued summons to Adani Group ...
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