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ADANI ENTERPRISES LTD. - Adani Enterprises Ltd reply to clarification sought by the exchange
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18 Nov 2014
The Exchange has sought clarification from Adani Enterprises Ltd with respect to news article appearing on news article appearing on Hindustan Times on November 18, 2014 titled &quot;Adani ties up $1-bn SBI loan for OZ coal venture&quot;&lt;br/&gt;&lt;br/&gt;Adani Enterprises Ltd replied stating &quot;The Company has signed Memorandum of Understanding (&apos;&apos;MOU&quot;) with State Bank of India (&quot;SBI&quot;) wherein SBI has agreed in principle to consider extending financial assistance of an amount upto USD 1 bn for development of Carmichael coal mine. This is, however, subject to SBI&apos;s due diligence and internal credit approval and also pursuant to the definitive understanding/agreement to be executed between the parties.&quot;
View all announcements for ADANI ENTERPRISES LTD. Source: BSE India