Adani Group stocks fall following OCCRP report
The Hindu
Adani Group stocks fall after report of 'opaque' investments by family partners. Adani denies charges, calling them "recycled allegations". US short seller had earlier wiped away $150bn in value with fraud allegations. Adani Group denies all allegations.
Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family of billionaire Gautam Adani.
The conglomerate denied the charges vehemently.
On the BSE, the stock of Adani Green Energy nosedived 4.43% to ₹927.65 apiece, with a market capitalisation of ₹1.47 lakh crore.
The scrip of Adani Power plunged 3.82% to ₹315.85, flagship firm Adani Enterprises declined 3.56% to ₹2,424 and Adani Energy Solutions fell 3.18% to ₹814.95 apiece on the bourse.
Also, Adani Ports and Special Economic Zone (APSEZ) slipped 2.75% to ₹796.50, Adani Total Gas dipped 2.74% to ₹634.60, NDTV fell 2.69% to ₹213.30 and Adani Wilmar declined 1.83% to ₹362.20 per piece on the BSE.
Shares of ACC dipped 3.15% to ₹1,937.10 and Ambuja Cements fell 2.84% to ₹431.60.
In the morning session, the 30-shares BSE Sensex was trading 38.32 points or 0.06% lower at 65,048.93 points.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.