Pledge agreements show Adani Green could have breached loan covenants

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Source: Morning Context

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Hemindra Hazari, a banking analyst, adds that “after that [Bloomberg] story [AGEL] should have gone and told [their bankers about the investigation]”. Hazari, however, adds that “we do not know [beyond the indictment] what other communications there were [between AGEL and its bankers], and short of a court judgement confirming these allegations we can not say for certain that there was a breach.”

SOURCEThe Morning Context
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