Sri Lanka, Adani Group and Colombo
Dawn · 3d
Adani Group pulls out of US loan deal for port in Sri Lanka’s Colombo
Subsidiary Adani Ports and Special Economic Zone Ltd said in a Tuesday statement that it was pulling its request for a loan of $553 million from the United States International Development Finance Corporation (DFC) to build the deep-sea Colombo West International Terminal.
The Financial Times · 3d
Adani drops US financing for strategic Sri Lanka port
Backing from the US International Development Finance Corporation for the project was announced in November 2023, months after Adani Group had been accused of “brazen” corporate fraud and stock price manipulation by short seller Hindenburg Research.
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