(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 (NS:ADEL) fell 4% to hit their lowest since May 2023.
Adani Ports, Adani Total (EPA:TTEF) Gas, Adani Green, Adani Power (NS:ADAN), Adani Wilmar (NS:ADAW) and Adani Energy Solutions fell between 3% and 10%.
ACC (NS:ACC) was down 0.5%, while Ambuja Cements (NS:ABUJ) and NDTV 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.
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