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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.
4h
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 ...
6h
on MSN
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 ...
6h
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 ...
Bloomberg L.P.
22h
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 ...
1d
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
This account of how the alleged scheme unfolded is drawn from federal prosecutors' 54-page criminal indictment of Adani and ...
1d
on MSN
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
Indian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S.
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 ...
14h
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 ...
57m
BJD breaks silence on Adani bribe allegations to Odisha officials: ‘Baseless and incorrect’
The power purchase agreement between SECI, a central PSU, and the state’s power utility Gridco was made in July 2021, when ...
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 ...
1d
Adani Green Energy’s Indian Billionaire Leader Charged With U.S. Fraud
Being associated with a renewable energy venture is seen as benign and purposeful for the wealthy. But for India's second-richest man its turned into a legal nightmare.
20h
Adani Shock Exposes ESG Fund Managers Clinging to ‘Terrible’ Bet
The fact that hundreds of ESG funds are still exposed to Adani Green is “surprising,” according to Mohit Mirpuri, a portfolio ...
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