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Adani Green Energy Limited ( (IN:ADANIGREEN) ) has shared an update.
Adani Green Energy Limited has issued an update clarifying the status of civil proceedings involving U.S. Securities and Exchange Commission (SEC) actions related to Gautam Adani and Sagar Adani. The company states that counsel for the two individuals are in discussions with the SEC on procedural aspects of the regulator’s motion for alternative methods of service, and that the relevant U.S. court has been requested not to rule on the motion until an application is filed. Adani Green reiterates that it is not a party to these proceedings and that no charges have been brought against the company, a point aimed at reassuring investors and other stakeholders about the absence of direct legal exposure for the listed entity.
More about Adani Green Energy Limited
Adani Green Energy Limited is an India-based renewable energy company focused on developing, owning and operating utility-scale solar and wind power projects. It forms part of the Adani Group conglomerate and is listed on Indian stock exchanges, catering to the growing demand for clean energy in domestic and international markets.
Average Trading Volume: 330,302
Technical Sentiment Signal: Sell
Current Market Cap: 1489.7B INR
Learn more about ADANIGREEN stock on TipRanks’ Stock Analysis page.