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