India's Adani Group rises ahead of verdict on Hindenburg allegations

New Delhi Television

03/01/2024 04:20

** Shares of Adani Group's listed companies rise between 2%
and 10% ahead of the Supreme Court ruling on a probe by Indian
markets' regulator against the group
    ** Shares of Adani Enterprises  ADEL.NS  up 4.2%, Adani
Ports  APSE.NS  up 2.5%, Adani Energy  ADAI.NS  rise 12.3%,
Adani Total  ADAG.NS  up 9.4%, Adani Wilmar  ADAW.NS  up 5.8%,
Adani Power  ADAN.NS  up 4.5%, Adani Green  ADNA.NS  up 6.9%,
NDTV  NDTV.NS  up 7%
   ** India's market regulator is probing the conglomerate after
U.S. short-seller Hindenburg last January alleged improper use
of tax havens, stock manipulation at group
    ** Adani has denied allegations
    ** Group's stocks lost around $47 billion in value since the
Hindenburg report was published 



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