TotalEnergies pauses investments in India's Adani Group after bribery charges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
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Should l Buy ?
Source: Reuters
TotalEnergies Halts Investments: French oil major TotalEnergies has paused investments in the Adani Group following bribery charges against its chairman, Gautam Adani, and others, which could lead to increased scrutiny from other investors.
Political and Market Reactions: The allegations have sparked political disruption in India's parliament and caused a significant drop in Adani Green Energy's shares, while opposition parties demand accountability regarding the government's ties to Adani.
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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.
