/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Charges of fraud levelled against chairman Gautam Adani and two key board members could spell trouble for India’s largest renewable energy developer, especially when its entire growth strategy is contingent on raising debt.
US prosecutors have thrown a spanner in the works of Adani Green Energy Ltd’s ambitious growth plans.
India’s largest green energy company was planning to spend up to Rs 2 lakh crore by 2030 to build out 40 gigawatt of renewable energy capacity—4x more than its current portfolio of solar and wind assets. Adani Green was going to fund that growth through a 75% debt and 25% equity mix.
But it looks like that party—at least the debt-fuelled one—is now at the risk of being cut short.
Late on Wednesday, the US Department of Justice filed an indictment alleging that …
