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Adani Green Energy Limited ( (IN:ADANIGREEN) ) just unveiled an update.
Adani Green Energy Limited has clarified that it is not a party to a civil case filed by the U.S. Securities and Exchange Commission in the Eastern District of New York against its directors Gautam Adani and Sagar Adani, and that no charges have been brought against the company itself. The company further reiterated that the directors have not been charged with violations of the U.S. Foreign Corrupt Practices Act, while noting that their counsel has agreed to accept service in the matter without submitting to the court’s jurisdiction and intends to seek dismissal of the SEC’s complaint or otherwise respond, in a move aimed at reassuring markets and stakeholders about the limited legal and operational implications for the listed entity.
More about Adani Green Energy Limited
Adani Green Energy Limited is an Indian renewable energy company focused on developing, owning and operating utility-scale solar and wind power projects. As part of the broader Adani Group, it plays a significant role in India’s clean energy expansion and is listed on both BSE and the National Stock Exchange of India, attracting domestic and international investors interested in sustainable infrastructure assets.
Average Trading Volume: 277,896
Technical Sentiment Signal: Sell
Current Market Cap: 1355.3B INR
For a thorough assessment of ADANIGREEN stock, go to TipRanks’ Stock Analysis page.