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Adani Green Energy Limited ( (IN:ADANIGREEN) ) has shared an update.
Adani Green Energy Limited has clarified to Indian stock exchanges that a recent media report on a United States Securities and Exchange Commission civil case relates to proceedings against two of its directors, Gautam Adani and Sagar Adani, and not against the company itself. The company stressed it is not a party to the SEC action, that the case is civil in nature with no bribery or corruption charges under the U.S. Foreign Corrupt Practices Act against the directors, and that the SEC’s application for alternative service of summons does not trigger additional disclosure obligations or have any adverse impact on its business or operations.
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, wind and hybrid power projects. It is part of the Adani Group and positions itself as a leading player in the clean energy segment, supplying power to utilities and large customers in domestic and international markets.
Average Trading Volume: 301,933
Technical Sentiment Signal: Sell
Current Market Cap: 1455B INR
Learn more about ADANIGREEN stock on TipRanks’ Stock Analysis page.