Fitch puts some Adani bonds on negative watch after US SEC bribery charges

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Fitch puts some Adani bonds on negative watch after US SEC bribery charges - Business Standard

Quick Summary:

Its SBI/UTI India Infrastructure Equity Fund had the highest exposure at 2.55 per cent, while that of the other three ranged from 2.08 per cent to 0.21 per cent, SBI said in a statement.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.

Adani dollar bonds steadied on Tuesday and prices rose slightly after three days of heavy falls.

US prosecutors have charged billionaire Gautam Adani, the group's founder, his nephew Sagar Adani and six others for their alleged roles in a $265-million scheme to bribe Indian officials to secure power supply deals.