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Adani Group subsidiary cancels bond sale after founder's US charges
Indian conglomerate Adani Group's green energy subsidiary said on Nov. 21 it had canceled a US dollar-denominated bond sale, in its first statement acknowledging US criminal charges against billionaire founder Gautam Adani.
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AFP - Thu, 21, Nov 2024
- 02:56 EST
- 104
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The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave/File Photo / Reuters
Indian conglomerate Adani Group's green energy subsidiary said on Nov. 21 it had canceled a US dollar-denominated bond sale, in its first statement acknowledging US criminal charges against billionaire founder Gautam Adani.
"In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD-denominated bond offerings," Adani Green Energy's statement said.
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