Hours before the US prosecutors charged Gautam Adani and associates with participating in a scheme to pay over USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, the firm sold a 20-year green bond in the US-investment-grade market.
Tag: Gautam Adani
US names Gautam Adani, others in USD 250 million bribery scheme
According to the indictment, between 2020 and 2024, the Adani and the others agreed to pay more than USD 250 million in bribes to Indian government officials to obtain lucrative solar energy supply contracts with the Indian government, which were projected to generate more than USD 2 billion in profits after tax over an approximately 20-year period.
HCL’s Shiv Nadar tops Hurun India Philanthropy List 2024, two women in top 10
The top 10 individuals/companies in the list contributed INR 4,625 crore (approx. USD 548.09 million) to philanthropic causes. This made up 53 percent of the total donations in the list of over 203 donors, which included 96 new entrants.
Adani Energy Solutions commissions biggest inter-regional 765 KV transmission line across Maharashtra, Telangana, and Andhra Pradesh
Adani Energy Solutions commissions biggest inter-regional 765 KV transmission line across Maharashtra, Telangana, and Andhra Pradesh
Panel investigating Hindenburg allegations against Adani Group gives clean chit to SEBI
A Supreme Court-appointed expert panel investigating India’s regulatory mechanism regarding the Hindenburg allegations against the Adani Group said it appears there was no regulatory failure on the part of market regulator Securities and Exchange Board of India (SEBI).
Adani group seeks to regain investors’ trust after Hindenburg bump
The Adani group yesterday began a three-day road show in Singapore and Hong Kong with its bondholders in a bid to win back their trust after the damaging Hindenburg report sparked a month-long rout of its shares on the stock market.
Boris Johnson’s brother exits from firm linked with Adani
Lord Jo Johnson, younger brother of former British PM Boris Johnson, has resigned his non-executive directorship of a UK-based investment firm linked with the now-withdrawn Adani Enterprises FPO.
Rating firm CreditSights warns that Adani empire is ‘deeply overleveraged’
Indian billionaire Gautam Adani is trying to acquire a majority stake in New Delhi Television (NDTV), a credit report claimed that his ports-to-power conglomerate is “deeply overleveraged”.
Gautam Adani overtakes Mukesh Ambani as Asia’s richest man
Indian billionaire Gautam Adani is now Asia’s richest person, having overtaken Reliance Group Chairman Mukesh Ambani.
