Adani Group stocks rise after US drops fraud charges against Gautam Adani
19/05/2026 04:41
May 19 (Reuters) - Shares of Adani Group companies rose between 0.2% and 2.2% on Tuesday before the market bell, after the Trump administration moved to dismiss criminal fraud charges against billionaire Gautam Adani, easing a key legal overhang on the conglomerate. The U.S. Justice Department on Monday moved to drop charges accusing Adani and associates of paying bribes to secure power supply contracts in India, while Adani Enterprises separately settled alleged Iran sanctions violations tied to liquefied petroleum gas imports. Shares of the group's flagship, Adani Enterprises ADEL.NS, rose 1.67% in pre-open trade to 2734.70 rupees. (Reporting by Surbhi Misra in Bengaluru) ((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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