Adani Ports withdraws DFC funding request for Colombo port project By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
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Should l Buy ?
Source: Investing.com
Adani Ports Financing Update: Adani Ports will finance its Colombo port terminal project through internal funds, withdrawing a previous request for $553 million from the U.S. International Development Finance Corp (DFC), while the project remains on track for early 2025 completion.
Allegations Against Adani Group: The Adani Group faces accusations of bribery and misleading investors, which the company has labeled as "baseless," asserting it will pursue legal action in response.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
