Adani Shares Tumble After US Indictment, Scrapped Bond Sale

Adani Enterprises shares cap worst day since February 2023
Slump erases $27 billion from Adani Group’s market value

WATCH: New York prosecutors have charged billionaire Gautam Adani with participating in a scheme to pay over $250 million in bribes to Indian government officials for solar energy contracts. Patricia Hurtado reports.Source: Bloomberg

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By Ameya Karve, Harry Suhartono, and Abhishek Vishnoi

November 21, 2024 at 12:53 AM UTC

Updated on

November 21, 2024 at 10:30 AM UTC

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Adani Group units’ shares and bonds tumbled after US prosecutors charged founder Gautam Adani with participating in an alleged bribe plot. The conglomerate also scrapped a $600 million dollar bond sale.