The group said that the agreement it had signed last month for the building and operation of major power transmission lines in Kenya for 30 years did not qualify for any disclosure since it did not fall within Sebi's disclosure guidelines. The group was responding to notices sent by stock exchanges to confirm reports of Kenyan President William Ruto ordering the cancellation of a procurement process that had been expected to award control of the country's main airport after the conglomerate's founder was indicted in the United States. Adani Enterprises Ltd, the flagship firm of billionaire Gautam Adani's group which houses its airport business, in a filing said it had in August this year incorporated a step-down subsidiary in Kenya to upgrade, modernise, and manage airports.