India's Adani Group stocks fall after regulator probes auditor

New Delhi Television

26/10/2023 06:16

** Adani Group's flagship company Adani Enterprises
 ADEL.NS  falls as much as 4%; top loser on Nifty 50 index
 .NSEI , which slid 1%
    ** India's accounting regulator is probing an EY member
firm that audits five Adani group companies, Reuters
reported, citing a source familiar with the matter 
    ** S.R. Batliboi currently audits three Adani group
firms, Adani Green Energy  ADNA.NS , Adani Wilmar  ADAW.NS ,
Adani Power  ADAN.NS  and two Adani- Group acquired cement
companies ACC  ACC.NS  and Ambuja Cements  ABUJ.NS ; shares
fell between 1.1% and 7.5% on Thursday
    ** Adani Group rejected suggestions that company has
flouted regulations
    
    Share movement of other Adani group stocks: 
         COMPANY              RIC          SHARE MOVEMENT
  Adani Energy Solutions     ADAI.NS    down as much as 4.6%
     Adani Total Gas        ADAG.NS     down as much as 5.2%
    Adani Ports & SEZ       APSE.NS     down as much as 1.9%
           NDTV             NDTV.NS      down as much as 5%
 

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))