Adani Group's green energy sector is expected to face significant challenges in refinancing due to the indictment of founder Gautam Adani by U.S. prosecutors.
Funding channels are likely to tighten across the conglomerate, with creditors expected to reduce or limit their exposure to the group.
Adani Green Energy Ltd., in particular, is noted for having the weakest liquidity and credit fundamentals among the group.
The situation poses the biggest near-term risk for the company, raising concerns about its financial stability in light of recent legal troubles.