Pledge agreements show Adani Green could have breached loan covenants

/ Adani Green, Adani Group, AGEL, breach, corporate governance, due diligence, Energy, Financial, Gautam Adani, holding structures, Investigation, lenders, loan covenants, loan default, MUFG, pledge agreements, US

Pledge agreements show Adani Green could have breached loan covenants. Adani Green Energy Ltd (AGEL) faced allegations that could constitute an Event of Default under its loan agreements, partly due to an investigation related to Gautam Adani and others. The agreements contain a representation that the borrower is not subject to any investigation that could materially and adversely impact its ability to fulfill the terms of the deal. The article discusses UK holding structures and the potential fallout.

Published by: The Morning Context
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