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Adani: No material impact from Kenya energy deal cancellation
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024.
Photo credit: Reuters
What you need to know:
- US authorities on Wednesday indicted Adani Group founder Gautam Adani and seven others
- Adani Energy Solutions said it was not involved in the deal to manage and upgrade JKIA.
Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business.
It said it was responding to a request for clarification from the Bombay Stock Exchange and the National Stock Exchange after Reuters reported that Kenya's president had ordered the cancellation of the 30-year public-private partnership deal.
