Adani Ports withdraws DFC funding request for Colombo port project By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
0mins
Source: Investing.com
Adani Ports Financing Update: Adani Ports will finance its Colombo port terminal project through internal funds, withdrawing a previous request for $553 million from the U.S. International Development Finance Corp (DFC), while the project remains on track for early 2025 completion.
Allegations Against Adani Group: The Adani Group faces accusations of bribery and misleading investors, which the company has labeled as "baseless," asserting it will pursue legal action in response.
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.
