Never entered into agreement to operate airport in Kenya: Adani Group

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Never entered into agreement to operate airport in Kenya: Adani Group - Business Standard

Quick Summary:

That followed US authorities indicting group Founder and Chairman Gautam Adani and seven others for allegedly agreeing to pay $265 million to Indian officials to win lucrative solar power supply contracts.

The project did not fall within the ambit of Sebi's disclosure regulation, said the Adani Group.

The group was responding to notices sent by stock exchanges to confirm reports of Kenyan President William Ruto ordering the cancellation of a procurement process that had been expected to award control of the country's main airport after the conglomerate's founder was indicted in the United States.