(Reuters) – Adani Vitality Solutions acknowledged on Saturday that Kenya’s cancellation of a $736 million transmission line mission did no longer require it to rep any regulatory disclosure below Indian stock trade ideas as it turned into inside its long-established route of trade.

It acknowledged it turned into responding to a matter for clarification from the Bombay Stock Replace and the Nationwide Stock Replace after Reuters reported that Kenya’s president had ordered the cancellation of the 30-yr public-deepest partnership deal.

“Additional, the Company hereby submits that there would possibly be no longer any such thing as a fabric affect of the Media Document on the operations of the Company,” Adani Vitality Solutions acknowledged in an announcement.

President William Ruto additionally acknowledged on Thursday he had ordered the cancellation of a procurement job that had been expected to award contend with a watch on of Kenya’s critical airport to India’s Adani Community.

U.S. authorities on Wednesday indicted Adani Community founder Gautam Adani and seven others, alleging they paid $265 million in bribes to Indian officials. The group denied the allegations.

Under the Kenyan world airport realizing, price nearly $2 billion, the Adani Community turned into to add a 2nd runway and upgrade the passenger terminal in trade for a 30-yr rent.

Adani Vitality Solutions acknowledged in its assertion on Saturday that it turned into no longer fervent by the deal to contend with watch over and upgrade Kenya’s Jomo Kenyatta airport.

“The Company nor any of its subsidiaries hang entered into any contract in connection with any airport in Kenya,” it acknowledged.