Adani Group has downplayed the blow it has suffered from Kenya’s decision to cancel a contract to build power transmission lines and substations on its forecast earning, terming the deal that would have earned the Indian conglomerate Sh637.7 billion immaterial.
The firm said the cancellation of the deal did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business, underlining the size of the Indian firm.
