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Adani Group firms' shares fall for second session after US indictments
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Adani Group firms' shares fall for second session after US indictments
Nov 21, 2024 8:35 PM

(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 fell 4% to hit their lowest since May 2023.

Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions fell between 3% and 10%.

ACC was down 0.5%, while Ambuja Cements and NDTV 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)

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