Adani Group firms' shares fall for second session after US indictments
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Men fix the logo of the Adani Group on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024. REUTERS/Amit Dave
(Reuters) - Adani Group companies' shares fell for a second straight day on Friday after U.S. prosecutors charged the Indian conglomerate's billionaire chairman in an alleged bribery and fraud scheme.
Gautam Adani's flagship Adani Enterprises fell 4% to hit their lowest since May 2023.
Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions fell between 3% and 10%.
ACC was down 0.5%, while Ambuja Cements and NDTV rose about 1% each.
On Thursday, about $27 billion was wiped off the market value of Adani Group companies, while Kenya's president canceled a massive airport project with the group, in the aftermath of the indictments.
(Reporting by Sethuraman NR; Editing by Muralikumar Anantharaman)
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