Branch² Intelligence
US DoJ Says Adani Case Should Never Have Been Brought, Urges Judge To Drop Charges Permanently
Key takeaway
US DOJ moves to drop charges against Adani, citing constitutional authority.
- Step 1US DOJ moves to drop charges against Adani, citing constitutional authority.
- Step 2Adani Group's legal risk premium collapses, lowering its cost of capital and improving access to international financing.
- Step 3Indian banks and bondholders reprice Adani exposure downward, freeing up credit lines for the group's projects.
Source: IN:NDTV Profit
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