The acquisition involves an aggregate investment of Rs 1.98 crore, with Rs 99 lakh allocated for each company.

Gautam Adani faces a criminal charge of foreign bribery, independent of the three existing charges against him; and to remove and replace language describing the three charges and their potential penalties in paragraph 20) Gautam Adani,

Gautam Adani, 62, along with the seven other defendants were accused of paying about $265 million in bribes to Indian government officials.

Adani Green Energy said that contrary to media reports, its chairman Gautam Adani and his aides have not been charged for violating the U.S. Foreign Corrupt Practices Act.

The renewable energy arm of the ports-to-power conglomerate is Adani Green Energy, which is at the center of the U.S. indictment. It focuses on solar, wind and hybrid power generation and has a presence in a dozen Indian states.

Adani has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.

Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.

Even these projects, all part of India’s Adani Group, barely convey the scale of a conglomerate so intertwined with government priorities that it is almost synonymous with Prime Minister Narendra Modi’s India.

Israel wants India's Adani Group to continue to invest in the country, Israel's envoy to India said on Thursday, affirming the nation's support to the ports-to-media conglomerate whose billionaire founder is facing bribery allegations in the U.