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 11st-order: US DOJ moves to drop charges against Adani, citing constitutional authority.
- Step 22nd-order: Adani Group's legal risk premium collapses, lowering its cost of capital and improving access to international financing.
- Step 33rd-order: Indian banks and bondholders reprice Adani exposure downward, freeing up credit lines for the group's projects.
Source: IN:NDTV Profit
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