US indictment wipes out over $26bn of Indian conglomerate’s value  ...News

Adani Group has rejected allegations by US prosecutors against its top management, including billionaire Gautam Adani Adani Group’s stocks have suffered a loss of around $26 billion in market capitalization following allegations of $265 million worth of bribery by the US Department of Justice (DOJ) against Gautam Adani, his companies, and executives. Adani Enterprises stock fell 23% throughout trading sessions on Thursday and Friday, while other entities of the group listed separately on the exchanges, including Adani Ports and Adani Green Energy – the renewable energy arm of the conglomerate which was at the hea

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