Adani bonds tumble as US indictment of Indian tycoon spooks investors

Quick Summary:

Arrest warrants issued for Gautam Adani over alleged US$265 million bribery scheme.

Still, Citigroup analysts estimated Indian banks’ exposure to the group was less than 1 per cent of total loans for most lenders.

The group tried to assure investors it was a “law-abiding organisation” and said the accusations were “baseless and denied”.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndiaKenya

Topics: Adani Billion Group India’s Value Companies Pressure Market Bonds Us$27 Prosecutors

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 10:48:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23752566

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

Headquarters: Singapore

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