All Adani stocks in red on report of U.S. probe; Adani Total Gas, Adani Energy top losers
Adani group stocks fell in the range of 2-8% amid a report that the U.S. government widened its probe against the conglomerate over suspicions of bribery.
Adani group stocks fell in the range of 2-8% amid a report that the U.S. government widened its probe against the conglomerate over suspicions of bribery.
All 10 Adani group stocks were trading in green on Monday, propelling the combined m-cap of the conglomerate to ₹15.5 lakh mark.
Adani Saur Urja and Adani Renewable Energy Holding Nine, subsidiaries of Adani Green Energy, have incorporated wholly-owned subsidiaries.
Adani Total Gas shares touched its 20% upper circuit limit, while Adani Energy Solutions, Adani Power, Adani Enterprises, NDTV, Adani Green rose between 10-19%.
Adani Total Gas shares touched two-year low, while Adani Enterprises extends losing streak for the 9th straight session.
Adani Ports has incorporated a wholly-owned subsidiary, Udanvat Leasing IFSC, with the objective of carrying out the business activity of owning and leasing aircraft
IHC, through its subsidiaries, holds a 1.26% stake in Adani Green Energy and 1.41% in Adani Energy Solutions, valued at around ₹3,327 crore based on Thursday’s closing prices.
The promoter groups have raised a 2.06% stake in Adani Enterprises and 2.17% in Adani Ports & SEZ via open market transactions.
Barring Adani Enterprises, Adani Ports, ACC, and Ambuja Cements, shares of six listed Adani group stocks ended higher today.
This is the second major allegation against billionaire Gautam Adani-led Adani Group after an adverse report by Hindenburg released in January this year.