Adani Energy Solutions says no material impact from Kenya energy deal cancellation
- 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.
"Further, the Company hereby submits that there is no material impact of the Media Report on the operations of the Company," Adani Energy Solutions said in a statement. U.S. authorities on Wednesday indicted Adani Group founder Gautam Adani and seven others, alleging they paid $265 million in bribes to Indian officials. The group denied the allegations.
Adani Energy Solutions said in its statement on Saturday that it was not involved in the deal to manage and upgrade Kenya's Jomo Kenyatta airport.
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