Mumbai: On one hand, there is chaos in the Indian stock market today after the allegations of bribery against Gautam Adani in America. After these serious allegations, the shares of Adani Group have seen a decline of 10 to 20 percent. At the same time, shares of Adani Enterprises have also fallen by 15 percent. Due to this, Adani Group's market cap has suffered a loss of Rs 2.24 lakh crore in a few minutes.
In this, the market cap of Adani Enterprises has seen the maximum loss of Rs 49 thousand crores. At the same time, the market cap of Adani Green Energy has suffered a total loss of Rs 42 thousand crores today. Although the Indian stock market is still going on.
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Within seven days itself, shares of Adani Energy and Adani Enterprises fell by 20 percent. In fact, the shares of the group companies have fallen drastically after US prosecutors accused industrialist Gautam Adani of paying a bribe of $ 250 million to Indian officials in exchange for favorable terms to get solar power contracts in India.
On the BSE, the shares of the group's main company Adani Enterprises are 20 percent, Adani Energy Solutions 20 percent, Adani Green Energy 19.17 percent, Adani Total Gas 18.14 percent, Adani Power 17.79 percent and Adani Ports 15 percent. There was a decline.
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Apart from this, shares of group company Ambuja Cements fell by 14.99 percent, ACC by 14.54 percent, NDTV by 14.37 percent and Adani Wilmar by 10 percent. Some companies of the group touched their lower limits for the day. Its effect was also visible on the domestic markets and BSE Sensex fell by 547.76 points in early trade to 77,030.62 points while NSE Nifty slipped by 219.10 points to 23,306.45 points.
Let us inform you that US prosecutors accused Gautam Adani, his nephew Sagar Adani and others of paying bribes of more than $250 million to Indian government officials between 2020 and 2024 to get solar energy contracts. According to an estimate, this could potentially bring a profit of more than two billion dollars to the group.
Along with this, he alleged that all this was hidden from those American banks and investors from whom Adani Group had raised billions of dollars for this project. US law allows corruption charges to be pursued in foreign countries involving its investors or markets. Adani Group has not yet commented on these allegations. (with agency input)
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