Mumbai. The clarification given by Adani Group in the stock market regarding the bribery case filed in the American court seems to be paying off. A rise of up to 10% was recorded in the group's shares on Wednesday.
Adani Group said on the bribery allegations of the US Justice Department that Chairman Gautam Adani, nephew Sagar Adani Gautam Adani and Sagar Adani are not named in the case. After this clarification, the shares of Adani Group started rising in the market. As of 12 noon Adani Green Energy Limited 6.62 percent, Adani Enterprises 6.02 percent, Adani Energy Solutions 9.70 percent, Adani Total Gas Limited 8.81 percent, Adani Ports 2.91 percent, Adani Wilmar 4.67 percent, Adani Power 7.88 percent, Sanghi Industries 1.97 percent, ACC 1.96 percent, An increase of 4.38 percent was recorded in NDTV and 2.29 percent increase in Ambuja Cement.
Former AG Mukul Rohatgi told in the media briefing that numbers 1 and 5 are more important than the rest, but Adani and his nephew are not accused in any of them. Number 1 is against both Adani i.e. Gautam Adani and Sagar Adani and some other people. Only Azure and CDPQ officials have been accused of bribery.
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