Adani may find it tough to tap foreign funding: Investor GQG

Quick Summary:

GQG Partners, a major investor in Adani Group, warns that US bribery allegations against Gautam Adani could hinder the conglomerate's access to international funding.

While Indian banks continue lending, GQG notes any negative government action could significantly impact the group.

The US indictment alleges Adani Green employees, including Gautam Adani, bribed Indian officials for solar contracts, impacting subsequent fundraising efforts.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaChinaIsraelLebanonNepalOmanRomania

Topics: Adani Group GQG Partners US bribery allegations Foreign funding Business news Gautam Adani

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 09:01:00 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 722 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23865587

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