Reported 7 months ago
Shares of Adani Group companies fell for the second consecutive day following U.S. indictments against billionaire chairman Gautam Adani for alleged bribery and fraud. Adani Enterprises dropped 4%, reaching its lowest point since May 2023, while other firms in the group experienced declines between 3% and 10%. The market value of Adani companies decreased by approximately $27 billion, and a significant airport project in Kenya with the group was canceled in the wake of the charges.
Source: YAHOO