Adani Group shares jumped, 9 out of 11 companies jumped.

New Delhi : Despite allegations of fraud by the US SEC against industrialist Gautam Adani, the group is seeing a boom in the trading of shares of 9 listed companies in the market. These companies have registered huge growth in today's business.

On BSE, Adani Power holds 11.44 percent, Adani Energy Solutions 9.99 percent, Adani Green Energy 9.99 percent, Adani Total Gas 18.58 percent, Adani Enterprises 5.32 percent, Adani Wilmar 3.17 percent, Adani Ports 2.25 percent, NDTV 3.35 percent And shares of Sanghi Industries have gone up by 2.19 percent. Shares of Adani Energy Solutions and Adani Green Energy have also crossed their high limits for the day. However, shares of two companies of Adani Group, ACC and Ambuja Cements, are trading with a slight decline.

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no charges

Meanwhile, BSE Sensex traded 688.82 points lower at 79,545.26 and NSE Nifty slipped 222.20 points to 24,052.70. Rather, he has been charged with securities fraud, which carries monetary penalties. Adani Green Energy Limited had said on Wednesday that industrialist Gautam Adani and his nephew Sagar Adani have not been charged with any violation of the US Foreign Corrupt Practices Act or FCPA in the alleged bribery case.

Will adopt every possible legal route

Adani Green Energy Limited is accused of paying US$265 million in bribes to Indian officials to win solar energy sales contracts that could have netted the company US$2 billion in profits over a 20-year period. The company said the three AGEL executives have been charged only with securities fraud conspiracy, wire fraud conspiracy and securities fraud. Generally the penalties for such charges are less severe than those for bribery. Adani Group had last week rejected all the allegations and said that it would adopt all possible legal avenues for its defence.

(with agency input)

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