Kenya has canceled two deals with India’s Adani Group. There are many speculations being made about this. Meanwhile, Adani Group has made a big statement. Adani Group said it has not signed any agreement to operate Kenya’s main airport.
At the same time, regarding the agreement signed last month for the construction and operation of power transmission lines in Kenya for 30 years, Adani Group said that this project is not under SEBI rules, so there is no need to do no disclosure. about its cancellation.
The reaction came after stock exchanges sent a notice asking them to confirm that Kenyan President William Ruto had canceled the acquisition process under which the Adani Group received the rights to acquire land at Kenya’s main airport . delivered.
Adani Enterprises Ltd said in a statement that in August this year it had set up a subsidiary in Kenya with the aim of upgrading, modernizing and managing airports. “To date, neither the Company nor its subsidiaries have secured any airport projects in Kenya or entered into any binding or definitive agreement relating to any airport in Kenya,” the company said.
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Let us tell you that, addressing the nation, Kenyan President William Ruto announced the cancellation of all proposed agreements with the Indian company Adani Group. These agreements included large projects such as energy transmission and airport expansion. The Kenyan government has canceled a proposed $700 million power transmission deal with Adani Group. This agreement sought to create infrastructure for the transmission of electricity in the country. In addition, the Adani Group’s $1.8 billion proposal to expand an international airport was also cancelled.
Kenyan President Ruto said his government has canceled two major proposed deals with Indian company Adani Group. This decision has been taken following allegations of bribery against Adani Group in America. President Ruto said he has ordered the cancellation of the process to hand over control of Kenya’s main international airport to the Adani Group.
Apart from this, the 30-year public-private partnership agreement signed by the Ministry of Power with the Adani Group last month was also cancelled. This agreement was to build a power transmission line in Kenya.
