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Adani scraps $600 million bond offering after bribery charges
short by Pragya Swastik / on 21 Nov 2024,Thursday
Units of Adani Group scrapped a $600 million dollar-denominated bond issuance on Thursday after US prosecutors charged Gautam Adani with participating in alleged bribery. The group's existing US-currency notes plunged in Asian trading. Adani allegedly participated in a scheme that involved promising to pay over $250 million in bribes to Indian government officials to secure solar energy contracts.
short by Pragya Swastik / 09:27 am on 21 Nov
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