Adani Group issues statement on US bribery allegations, postpones USD 600 million bond deal | DETAILS

In response to charges filed by US prosecutors accusing Adani Group Chairman Gautam Adani and other Indian executives of involvement in an alleged bribery scheme, Adani Green Energy issued an official statement, saying it will not move forward with its proposed USD-denominated bond offerings. The company’s decision comes amid growing scrutiny and legal challenges surrounding the group. Adani Green Energy, a major player in India’s renewable energy sector, made this move as it explores the legal and financial implications of the ongoing investigation.

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