Shares in India's Adani Group have been rallying on the back of the group's statement refuting bribery charges against its billionaire chairman, Gautam Adani.
Adani Energy rose as much as 14.4% on Friday while Adani Total surged as much as 7.2% — it has gained 43% since the selloff following the indictment.
Following the Wednesday release, Adani Green Energy stock rebounded 10%, while the flagship Adani Enterprises jumped 11.5%.The 62-year-old billionaire was accused of paying over $250 million in bribes to Indian government officials to secure solar energy contracts that could generate more than $2 billion in profits.
Adani Green Energy Ltd Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New YorkShares of India’s Adani Group companies plunged after its billionaire chair Gautam Adani was indicted in a New York federal court.
Read more »
Adani investor GQG Partners' shares see worst day after Gautam Adani's indictmentThe stock closed 19.32% lower on Thursday, the investment firm's steepest one-day fall since its listing on Oct. 2021.
Read more »
Shares in India's Adani Group plunge 20% after US bribery, fraud indictmentsAsia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight.
Read more »
Shares in India's Adani Group plunge 20% after US bribery, fraud indictmentsAsia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight.
Read more »
Shares in India's Adani Group plunge 20% after US bribery, fraud indictmentsAsia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme. One result of the U.
Read more »
Adani Group Shares Tumble 20% After US Bribery IndictmentGautam Adani, one of Asia's richest men, is accused of paying millions to Indian government officials to get solar energy contracts.
Read more »