Adani Accused of Violating Bidding Rules in Complaint to India’s Prime Minister

/ Adani, banking crisis, Bankruptcy, bidding rules, corporate insolvency, DHFL, financial crisis, financial sector, housing finance, India, Insolvency, Narendra Modi, NBFC, Oaktree Capital, Piramal, SC Lowy, shadow banking, State Bank of India, Wadhawan family

Rival investors are up in arms as the Adani group makes a last-minute attempt to acquire a bankrupt home-loan company in India. One such investor, the Piramal group, has written a letter to India’s Prime Minister Narendra Modi claiming that Adani’s attempt violates the rules of the bidding process.

Published by: Adani Watch
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