Reported about 11 hours ago
Shares and dollar bonds of Adani Group companies have experienced further declines following bribery charges filed by US prosecutors against founder Gautam Adani, resulting in a nearly $27 billion loss in market value. Key companies under the Adani umbrella, including Adani Enterprises and Adani Ports, saw significant drops, raising fresh concerns about corporate governance and market stability in India. The conglomerate, which has significant investments in ports, airports, and power generation, has denied the allegations and intends to seek legal recourse.
Source: YAHOO