(Reuters) – Shares in Adani Group companies fell for a second straight day on Friday after U.S. prosecutors indicted the Indian company’s billionaire chairman in an alleged bribery and fraud scheme.
Gautam Adani’s Flagship Adani Enterprises ( NS: ) fell 4% to its lowest level since May 2023.
Adani Ports, Adani yesterday (EPA:) Gas, Adani Green, Adani Power (NS:) Adani Wilmar (NS: ) and Adani Energy Solutions fell between 3% and 10%.
Acc (NS:) was down 0.5%, while Ambuja Cements (NS:) and NDTV each rose about 1%.
On Thursday, about $27 billion was wiped off the market value of Adani Group companies, after Kenya’s president canceled a major airport project with the group, following allegations.
