Adani Group stocks extend losses, drop up to 11% after Kenya cancels deals following US charges
Adani Group stocks extended their losses for a second consecutive session, with Adani Enterprises shares plunging 7% in early trade on Friday, hitting a 52-week low of Rs 2,030. Meanwhile, shares of Adani Ports fell 5.3%, reaching a dayβs low of Rs 1,055.40 on the BSE. Meanwhile, other Adani Group stocks, including Adani Power, Adani…
READ MORE
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 shares jump over 3% as board mulls Rs 5,000 crore fundraise
Shares of Adani Power today jumped 3.5% in an early trade to their dayβs high of Rs 606.70 on the BSE after the company announced that its board will consider raising funds worth Rs 5,000 crore via non-convertible debentures (NCDs) at its upcoming board meeting. βWe would like to inform you that the meeting of…
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