Reported about 15 hours 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