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Home » Adani shares crash up to 20%

Adani shares crash up to 20%

image of Adani shares crash up to 20%

After billionaire Gautam Adani and seven other individuals were charged in the US with a multibillion-dollar bribery and fraud plot, stocks of Adani Group firms dropped as much as 20% on Thursday. The group allegedly paid Indian authorities to get solar energy contracts, according to the allegations that prosecutors revealed on Wednesday.

Adani Energy Solutions’ stock suffered the most, plunging 20%. Adani Green’s stock was down almost 18%, while Adani Power and Adani Total Gas were down 13–14%.

Tags: Adani Green's stockAdani sharesshares crash up

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