'Global investors likely to back Adani Group again after US case resolution'

AHMEDABAD: The decision by US authorities to drop charges against Adani Group Chairman Gautam Adani is a major positive development for the Adani Group and is expected to strengthen investor confidence while paving the way for the conglomerate to continue raising global capital, a market expert said on Tuesday.

Speaking to IANS, Abhay Agarwal said the issue that began with allegations made by Hindenburg Research and later involved US agencies has now reached a "conclusive end".

"I think it is very good, sensible behaviour shown by the Adani Group leadership that they have settled the case without extending it into litigation or through the courts," he said.

"I am very confident that it will pave the way for Adani Group to have a very strong capital market reception and continue to raise capital from investors internationally," he added.

According to Agarwal, the development is likely to improve the Adani Group’s standing in international capital markets and support future fundraising efforts from global investors.

"I am very confident that it will pave the way for Adani to have a very strong capital market reception and continue to raise capital from investors internationally," he told IANS.