Adani bonds slide to low as investors & lenders weigh bribery allegations
Mon, Nov 25, 2024 1:46 PM

Adani bonds slide to low as investors & lenders weigh bribery allegations

A Flip by Avya Verma
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Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities. The group’s billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in bribes to Indian govt.

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