Adani Group faces reputational damage, higher borrowing costs: Proxy firms

Quick Summary:

For the first time the group is facing allegations of bribery and corruption from official bodies in the US.

Following the charges, there is concern on what steps agencies in India like the Enforcement Directorate (ED) or the Securities and Exchange Board of India (Sebi), the regulator, will take.

There will remain questions of trust in the system — both from investors and suppliers, buyers, and the entire value chain,” said Amit Tandon, founder and managing director, Institutional Investor Advisory Services (IiAS).

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Article Details

Category: BusinessFinance

Markets: IndiaChinaUnited States

Topics: Proxy advisory firms Reputational damage Adani Group Adani Green Borrowing costs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 20:27:20 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23739198

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