 "Adani Green says no fresh financial commitment with TotalEnergies")
Embattled billionaire Gautam Adani's group on Tuesday said French energy giant TotalEnergies' decision to pause new investments in the group will not have any material impact on operations and growth plans as no new funding was under discussion.
"Accordingly, there is no material impact of the media reports and the press release on Adani Green Limited (AGEL)," AGEL said.
On Monday, French energy major TotalEnergies said until such time when the bribery accusations against the Adani group individuals and their consequences have been clarified, it will not make any new financial contribution as part of its investments in the conglomerate.
In its statement, the company said, TotalEnergies has learnt through public announcements made by the US authorities of the indictment of certain individual Adani group executives in relation to an alleged corruption scheme linked to the business of AGEL.