Adani shares crash up to 20% after Gautam Adani indicted in US on bribery, fraud charges
Stocks of Adani Group companies fell up to 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme. Prosecutors announced the charges on Wednesday, alleging that the group bribed Indian officials to secure solar energy contracts. Shares of Adani Energy Solutions were…
READ MORE
Adani Power, Adani Green shares surge up to 5% on 6,600 MW supply deal with Maharashtra govt
Shares of Adani Power and Adani Green surged nearly 5% today, hitting intraday highs of Rs 665.90 and Rs 1,870, respectively, on the BSE. This rise followed the announcement that the Maharashtra State Electricity Distribution Company (MSEDCL) had issued letters of intent for the supply of 6,600 MW of hybrid solar and thermal power. Under…
READ MORE