MUMBAI: Adani Green Energy is currently not looking for any fresh capital from its strategic partner French major TotalEnergies. TotalEnergies holds 19.75% in Adani Green Energy and a 50% stake in three renewable energy joint ventures with the company. Adani Green Energy chairman Gautam Adani and executive director Sagar Adani have been indicted by the…
MUMBAI: The US bribery charges against Adani Group relate to a single contract within Adani Green Energy, constituting approximately 10% of its operations, said Adani Group CFO Jugeshinder Robbie Singh on Saturday. Singh emphasised that no other companies within the broader Adani conglomerate are facing allegations of improper conduct. He, however, acknowledged that while the…
US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme to win solar energy contracts in India. India’s capital markets regulator is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter.The Securities and Exchange Board of India has asked…
Solar Energy Corporation of India NEW DELHI: Thirteen-year-old Solar Energy Corporation of India (SECI), the little known miniratna PSU, has seen a massive growth over the last 10 years.From an awarded generation capacity of 0.75 gigawatts (750MW) in 2014-15, it has seen the combined capacity soar to 65.3GW, according to data on its website. Over…
The Adani Group, a conglomerate at the forefront of India’s infrastructure and energy sectors, is currently engulfed in a significant legal and financial controversy that has reverberated across global markets. At the heart of this unfolding drama is Gautam Adani, the group’s founder and one of the wealthiest individuals worldwide. Recent allegations of bribery linked…
Sagar Adani, nephew of Gautam Adani, is among the others who have been facing allegation of fraud and bribery in the United States.He with other co-defendants, has been charged by US prosecutors with allegedly paying over $250 million in bribes between 2020 and 2024 to Indian government officials to secure solar energy contracts. These contracts…
This marks the second cancellation of an Adani Green bond issuance. Gautam Adani indictment impact: Adani Green Energy Ltd. has called off its $600 million bond offering, which was priced at approximately 7.45-7.5%. This decision follows a U.S. Department of Justice and SEC announcement related to a court order that indicted senior Adani Group executives,…
The US Securities and Exchange Commission has filed charges against Gautam Adani. Adani stocks today: Share prices of Adani Group companies crashed sharply by up to 20% on Thursday following charges against Gautam Adani and seven others in the United States regarding a multibillion-dollar bribery and fraud scheme. The US authorities revealed on Wednesday that…