The Adanis have walked away from another potential acquisition.
The group has decided not to bid for a stake in electricity trader PTC India as it looks to conserve cash.
A week ago, Gautam Adani dropped plans to acquire DB Power.
A Bloomberg report on Monday said PTC India is off the table. There was no comment from the group at the time of going to press.
Earlier this year, Adani was approached by five public sector undertakings who were planning to sell their stake in the power trading firm that was rocked by concerns over governance issues at its financial services subsidiary.
