Nov 26 (Reuters) - Adani Green Energy said on
Tuesday there is no new financial commitment under discussion
with TotalEnergies, a day after the French oil major
said it was pausing new investments into the Adani Group over
U.S. bribery charges.
TotalEnergies' move was the first major fallout after U.S.
authorities last week charged Adani's billionaire chairman,
Gautam Adani, and seven other people, with agreeing to pay
around $265 million in bribes to Indian government officials.
The Adani Group has said the accusations as well as those
levelled by the U.S. Securities and Exchange Commission in a
parallel civil case are baseless and that it will seek "all
possible legal recourse".
TotalEnergies' statement will not have any material impact
on Adani Green Energy's operations or its growth plan, Adani
Green said in a stock exchange filing.
Adani Green's shares were down 7% on Tuesday, extending a
decline of 8% after TotalEnergies' statement on Monday. The
company has lost more than $9.5 billion in market value since
the U.S. indictment.