As per the reports, the company said in an exchange filing it will finance the project through its internal accruals and capital management plan.

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Delhi

India

Adani Ports withdraws from $553 million US loan deal for port terminal project in Colombo: Reports

The financing was part of the U.S. government's broader efforts to counter China's growing influence in the region. But the U.S. funding agency recently stated that it was "actively assessing the ramifications" of the bribery allegations against Adani group executives.

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Adani Ports opts out of U.S. funding for Colombo project

Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding. In an exchange filing late on Tuesday, Adani Ports and SEZ Ltd said the project "is on track for commissioning by early next year" and added that the company will fund the ongoing project through "internal accruals", aligning with its capital management strategy. The company said it has withdrawn its …

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Gautam Adani

Adani Group Opts Out Of US Funding For Its Colombo Port Project

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The move comes after the United States indicted Gautam Adani in a bribery scheme.

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Singapore

Adani ends US tie-up on Colombo port meant to counter China

(Bloomberg) — An entity majority-owned by embattled billionaire Gautam Adani, who was indicted in US courts last month, has pulled back from a loan pact valued at $553 million from the US International Development Finance Corporation, according to a company filing.

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Leon Cooperman

Allianz

Canada

Adani Pulls Out of $553 Million US Loan Deal for Colombo Port

Adani Ports said the Colombo Port project was on track for commissioning by early next year and that it will fund the project through "internal accruals", aligning with its capital management strategy.

India Today

Living Media

Will use own resources: Adani Ports opts out of US funding for Colombo Port project

The Adani Group company said in an exchange filing late Tuesday that the Colombo project is on track for completion early next year and the company will fund the project from its own resources in line with its capital management strategy. Adani Ports also said it has withdrawn its 2023 request for funding from the US International Development Finance Corporation (DFC).

अडानी ग्रुप की इस कंपनी ने मंगलवार देर रात एक एक्सचेंज फाइलिंग में कहा कि कोलंबो प्रोजेक्ट अगले साल की शुरुआत में पूरा होने के लिए ट्रैक पर है और कंपनी अपनी कैपिटल मैनेजमेंट स्ट्रेटेजी के अनुरूप खुद के संसाधनों से इस प्रोजेक्ट की फंडिंग करेगी. अडानी पोर्ट्स ने यह भी कहा कि उसने यूएस इंटरनेशनल डेवलपमेंट फाइनेंस कॉरपोरेशन (DFC) से फंडिंग के लिए अपना 2023 का अनुरोध वापस ले लिया है.

'अपने दम पर पूरा करेंगे कोलंबो पोर्ट प्रोजेक्ट', Adani Ports ने अमेरिकी फंडिंग को किया मना

आज तक

'We will complete the Colombo Port project on our own', Adani Ports refuses US funding

Get latest articles and stories on India at LatestLY.   Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding.
India News | Adani Opts out of US Funding for Its Colombo Port Project.

Latestly

Adani Opts out of US Funding for Its Colombo Port Project

Project to be financed through the company’s internal accruals and capital management plan, says company.

Dawn

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Pakistan

Adani Group pulls out of US loan deal for port in Sri Lanka’s Colombo

New Delhi: The Adani Group has decided to withdraw its request for a $553 million loan from the United States International Development Finance Corporation ...

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M. P. Veerendra Kumar

Kerala

Adani pulls out of $553 million US loan for Colombo port construction

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Adani Ports withdraws from $553 million US loan deal for port terminal project in Colombo: Reports

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