Crisil Ratings has reported that the Adani Group maintains sufficient liquidity and operational cash flows to meet its debt obligations, with no negative actions from lenders or investors following the recent US indictment of its key executives for securities fraud and related charges. The group has the flexibility to adjust discretionary capital expenditures based on market conditions, supported by a healthy EBITDA and cash balance that lessens reliance on external debt. On November 20, 2024, the US Department of Justice and the SEC issued an indictment and civil complaint against Gautam Adani, Sagar Adani, and Vneet Jaain, alleging violations related to misleading statements in bond offering documents concerning anti-bribery and anti-corruption policies.
