Adani Bribery Case LIVE Updates: ₹2.3 lakh crore market cap lost after stocks fall up to 25%

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HomeMarket NewsAdani Bribery Case LIVE Updates: ₹2.3 lakh crore market cap lost after stocks fall up to 25%

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By CNBCTV18.COM Nov 21, 2024 4:58 PM IST (Updated)

Adani Bribery Case Live: Adani Group stocks lost ₹2.3 lakh crore in market capitalisation on Thursday following bribery charges against Chairman Gautam Adani and other group executives by a US District Court and the US Securities & Exchanges Commission. Shares of the flagship Adani Enterprises ended with losses of 23%, followed by Adani Green and Adani Energy Solutions, both of which fell up to 20% each. Other group stocks also fell between 10% to 20%. Earlier this afternoon, the Adani Group clarified that it is compliant with all regulations and all the allegations are "baseless." It also said that it will seek all possible legal recourse. Follow all the LIVE Updates here.

 ₹2.3 lakh crore market cap lost after stocks fall up to 25%

Adani Bribery Case Live: Adani Group stocks lost ₹2.3 lakh crore in market capitalisation on Thursday following bribery charges against Chairman Gautam Adani and other group executives by a US District Court and the US Securities & Exchanges Commission. Shares of the flagship Adani Enterprises ended with losses of 23%, followed by Adani Green and Adani Energy Solutions, both of which fell up to 20% each. Other group stocks also fell between 10% to 20%. Earlier this afternoon, the Adani Group clarified that it is compliant with all regulations and all the allegations are "baseless." It also said that it will seek all possible legal recourse. Follow all the LIVE Updates here.

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