Some Adani dollar bonds fall most in over six months on US probe

Posted on:
Key Points

A note from unit Adani Ports & Special Economic Zone Ltd. due in 2041 slid 2.4 cents, the most since August, to 79.1 cents...

Another bond from subsidiary Adani Renewable Energy RJ Ltd. due 2039 fell 2.3 cents to 83 cents, the worst drop since February 2023..

Azure Power Global Ltd.. , is being handled by the US Attorneys Office for the Eastern District of New York and the. s fraud unit in Washington, said people familiar with the matter...

As a business group that operates with the highest standards of governance, we are subject to and fully compliant with anti-corruption and anti-bribery laws in India and other countries...

Adanis sprawling empire was rocked early last year by claims from short-seller Hindenburg Research that the conglomerate manipulated its stock price and committed accounting fraud..

You might be interested in

Do Adani's woes matter for India's clean energy transition?

28, Mar, 23

Adani group has a considerable stake in India's clean energy sector with Adani’s renewable energy ambitions accounting for 10% of the country’s clean energy goals.

Adani bonds, shares decline as US expands probe into the group

18, Mar, 24

A note from unit Adani Ports & Special Economic Zone Ltd. due in 2041 slid 2.4 cents, the most since August, to 79.1 cents. Another bond from subsidiary Adani Renewable Energy RJ Ltd. due 2039 fell 2.3 cents to 83 cents, the worst drop since February 2023. That pares gains in recent months that sent the securities to their highest levels since 2022.

RP Sanjiv Goenka Group to explore NE states for renewable energy project

20, Feb, 24

Kolkata, Feb 20 (PTI) The RP Sanjiv Goenka Group, with revenue exceeding USD 4 billion, has expressed interest in exploring investment opportunities in the Northeast, including renewable energy. The group officials had a preliminary one-on-one meeting with the Minister of State for Development of North Eastern Region (DoNER), B L Verma. He was in Kolkata […]

Adani Group to invest $75 billion to scale up AGEL's RE portfolio to 45 GW: Gautam Adani

06, Dec, 23

India Business News: NEW DELHI: Adani Group has plans to invest $75 billion on energy transition initiatives by 2030, its chairman Gautam Adani said on Wednesday.

TMC MP on SEBI seeking more time for Adani probe: ‘While they see violations…’

29, Apr, 23

SEBI has moved the Supreme Court seeking a six-month extension to complete its probe into the allegations against the embattled Adani group. | Latest News India

Adani Green Energy's board approves raising Rs 12,500 crore, shares rise

06, Jul, 23

Adani Green Energy shares rose over 1 per cent after its board approved the fundraising plan.

Not in talks with TAQA for their investment, says Adani Energy

19, Aug, 23

The company is not engaged in talks with TAQA for their investment in the company, Adani Energy Solutions said in an exchange notification on Friday.

Three more months for Adani probe likely

13, May, 23

The Supreme Court of India said on Friday that it may give the Securities and Exchange Board of India (Sebi) another three months to complete its probe into the Adani Group.

India's Adani says ministry starts probe related to its Mumbai airports

13, Oct, 23

Adani Group did not immediately respond to a Reuters request for comment seeking further details. The investigation is the latest in a string of troubles for the conglomerate since a U.S. short seller earlier this year accused it of improperly using offshore tax havens and stock manipulation.

Decoding the five businesses Adani Group plans to list by 2028

20, Feb, 24

The group’s chief financial officer Jugeshinder Singh recently said it plans to list Adani New Industries, Adani Airport Holdings, AdaniConneX, its metal and mining units, and Adani Road Transport on the stock exchanges between 2026 and 2028.