Reported about 4 hours ago
TotalEnergies has announced it will cease new investments in India's Adani Group until a US investigation into bribery allegations against founder Gautam Adani is resolved. The decision has caused a significant drop in shares of Adani Green Energy, reflecting concerns over the group's future financing. TotalEnergies, which holds a minority stake in Adani Green, previously built partnerships with Adani in renewables, but the ongoing probe adds uncertainty to its expansion plans in India.
Source: YAHOO