Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Adani Green Energy Limited ( (IN:ADANIGREEN) ).
Adani Green Energy Limited has clarified that it is not a party to the civil proceedings initiated by the U.S. Securities and Exchange Commission in the Eastern District of New York against its directors Gautam Adani and Sagar Adani, which were the subject of a recent media report. The company emphasized that no charges have been brought against the firm itself, the SEC case is civil in nature, and the defendants have not been accused of violations under the U.S. Foreign Corrupt Practices Act, stating that there are no bribery or corruption charges and that the press report has no adverse impact on its business or operations.
More about Adani Green Energy Limited
Adani Green Energy Limited is an India-headquartered renewable energy company focused on developing, owning and operating utility-scale wind and solar power projects. Listed on Indian stock exchanges, it is part of the Adani Group conglomerate and plays a significant role in the country’s clean energy and infrastructure sector.
Average Trading Volume: 301,933
Technical Sentiment Signal: Sell
Current Market Cap: 1455B INR
For an in-depth examination of ADANIGREEN stock, go to TipRanks’ Overview page.