Adani Group firms' shares fall for second session after US indictments

Adani Total Gas

22/11/2024 03:56

Nov 22 (Reuters) - Adani Group companies' shares fell
for a second straight day on Friday after U.S. prosecutors
charged the Indian conglomerate's billionaire chairman in an
alleged bribery and fraud scheme.
    Gautam Adani's flagship Adani Enterprises  ADEL.NS  fell 4%
to hit their lowest since May 2023.
    Adani Ports  APSE.NS , Adani Total Gas  ADAG.NS , Adani
Green  ADNA.NS , Adani Power  ADAN.NS , Adani Wilmar  ADAW.NS 
and Adani Energy Solutions  ADAI.NS  fell between 3% and 10%.
    ACC  ACC.NS  was down 0.5%, while Ambuja Cements  ABUJ.NS 
and NDTV  NDTV.NS  rose about 1% each.  
    On Thursday, about $27 billion was wiped off the market
value of Adani Group companies, while Kenya's president canceled
a massive airport project with the group, in the aftermath of
the indictments.

 (Reporting by Sethuraman NR; Editing by Muralikumar
Anantharaman)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))