AGEL Clarifies on US SEC Civil Case Against Directors
ADANIGREEN · price
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On the reaction day the stock moved 1.9 pts more than Nifty 100 and 2.3 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Adani Green Energy clarified on a media report about the US SEC seeking alternate service of summons on directors Gautam Adani and Sagar Adani in an ongoing US civil case. The company says it is not a party, no charges are against it, there are no FCPA or bribery charges, and proceedings are civil. No impact on business or operations.
Company is not a party; no charges against AGEL. No business impact but media noise may affect sentiment short term.