Adani Ports and Adani Enterprises, the two Nifty 50-listed companies are down in a circuit of 10% each, while other group companies like Adani Green Energy, Adani Energy Solutions, Adani Total Gas and Adani Power are down between 15% to 20% in early trading.
| Adani Group Stocks | Decline |
| Adani Enterprises | -10% |
| Adani Ports | -10% |
| Adani Green Energy | -16% |
| Adani Energy Solutions | -20% |
| Adani Power | -11% |
| Adani Total Gas | -12.50% |
| Adani Wilmar | -8.30% |
| ACC | -10% |
| Ambuja Cements | -10% |
| NDTV | -11% |
“In or about and between 2020 and 2024, Senior executives of an Indian renewable-energy company, which was a portfolio company of an Indian conglomerate, an issuer company that operated in the renewable-energy sector whose securities were traded on the US exchange and that issuer’s largest shareholder, a Canadian institutional investor, participated in a scheme to bribe Indian government officials to ensure execution of lucrative solar energy supply contracts with Indian Government entities,” the US District Court said in its order.
With the losses so far, Adani Group stocks have cumulatively lost ₹2 lakh crore in market capitalisation.
First Published: Nov 21, 2024 9:23 AM IST