Adani Group firms' shares fall for second session after US indictments
Nov 22 (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 ADEL.NS fell 4% to hit their lowest since May 2023.
Adani Ports APSE.NS, Adani Total Gas ADAG.NS, Adani Green ADNA.NS, Adani Power ADAN.NS, Adani Wilmar ADAW.NS and Adani Energy Solutions ADAI.NS fell between 3% and 10%.
ACC ACC.NS was down 0.5%, while Ambuja Cements ABUJ.NS and NDTV NDTV.NS 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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