Adani Group could find funding harder after US indictment as banks review credit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
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Source: Reuters
Funding Challenges for Adani Group: Following a U.S. indictment related to bribery allegations, banks are reconsidering their credit exposure to Gautam Adani's conglomerate, which may hinder its access to necessary funding for growth plans.
Impact on Renewable Energy Sector: The controversy surrounding Adani could lead to reduced international investment in India's renewable energy sector, as investors may demand greater transparency and due diligence, potentially slowing project financing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
