Adani Ports cancels financing request from DFC of US for Colombo terminal project

This comes after the US Department of Justice charged Adani Group Founder and Chairman Gautam Adani and seven others over allegedly conspiring to pay $265 million in bribes to Indian officials to secure lucrative solar power supply contracts that were expected to yield $2 billion in profits over 20 years. Shares of Adani Ports and Special Economic Zone Ltd ended at ₹1,233, down by ₹15.60, or 1.25%, on the BSE.

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