PHOTO
Employees walk past the Adani House corporate building at the institutional area in Gurugram on February 8, 2023. - Shares in the flagship firm of troubled Indian conglomerate Adani rose almost 15 percent on February 7, clawing back some of its recent huge losses after saying it would repay more than $1 billion in loans. (Photo by Sajjad HUSSAIN / AFP)
India's Adani Power on Friday clarified that it is not engaged in any discussion with Abu Dhabi National Energy Company (TAQA) for their investment.
The clarification came hours after India's Economic Times newspaper reported, citing sources, that TAQA was planning to invest up to $2.5 billion in Adani Group firms, or in a single entity.
"The company is not engaged in any discussion with Abu Dhabi National Energy Company (TAQA) for their investment," Adani Power said in a regulatory filing on the National Stock Exchange of India, where it is listed.
The news had earlier sent shares in Adani companies soaring.
(Writing by Brinda Darasha; editing by Bindu Rai)
