Adani Enterprises shares are locked at Rs 2,539.35, falling 10%. Despite a recovery from post-Hindenburg lows, the stock is yet to regain previous levels.
Adani Green Energy stock drops 17% to Rs 1,172.5, further reflecting market turmoil following bribery allegations.
Adani Energy Solutions takes a 20% hit, falling to Rs 697.25, as investor sentiment remains affected by legal troubles and debt concerns.
US prosecutors have charged Gautam Adani in a $250 million bribery case to secure solar energy contracts. The indictment accuses false statements to investors.
Alongside criminal charges, the SEC has filed a civil lawsuit against Adani, accusing him and others of misleading the Justice Department and deleting evidence.
Despite allegations, the Adani Group has actively worked on reducing its debt, repaying over Rs 7,374 crore, and raising funds for infrastructure projects.