Adani Group stocks drop after WSJ report on US probe into alleged Iran sanctions evasion

Adani Energy Solutions

03/06/2025 05:01

** Adani Group stocks drop between 1% and 2.5%

** Nifty 50-listed .NSEI flagship Adani Enterprises ADEL.NS and Adani Ports APSE.NS decline 2.5% each

** Nifty 50 trading 0.2% lower

** Adani Green ADNA.NS down 1.4%, Adani Total Gas ADAG.NS drops 2%, Adani Energy ADAI.NS and Adani Power ADAN.NS shed ~1% each

** US prosecutors probe whether Adani entities imported Iranian LPG into India through their Mundra port, WSJ reported on Monday

** Adani Group denied allegations, adding they were "not aware of any investigation by US authorities on the subject"

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))