In the wake of the indictment, the conglomerate cancelled its bond offering of $600 million, or Rs 5,066.5 crore.
Shares of Adani Group companies suffered losses of up to 20% on Thursday morning after the conglomerate’s chairperson Gautam Adani was indicted in the United States for his alleged role in a multibillion-dollar bribery and fraud scheme.
At 11.40 am, the shares of the group’s flagship company Adani Enterprises fell by 20.61% on the Bombay Stock Exchange and was trading at Rs 2,238.95. Shares of Adani Energy Solutions too fell by 20% to Rs 697.70, while those of Adani Ports and Special Economic Zone fell by 16.26% to Rs 1,079.50.
Among other Adani Group companies, Adani Power was down by 11.03% and Adani Total Gas fell by 13.13% on the Bombay Stock Exchange as of 11.40 am.
Stock markets as a whole also suffered losses, with the benchmark BSE Sensex down by 0.
