Adani Green Energy’s statement yesterday, denying bribery allegations against Gautam Adani and other corporate leaders, caused Adani Group shares to rise to 15% for the second consecutive day on Thursday, November 28. The price of Adani Total Gas shares led the increase, soaring to 15% in Thursday morning trading. Adani Power’s share price increased by…
The ASX-listed GQG Partners, founded by NRI investor Rajiv Jain, saw a significant recovery on Friday, rising as much as 15.5% to an intraday high of AUD 2.46. This rebound occurred one day after the stock dropped 19.3% in response to U.S. bribery accusations against Adani Group executives, including Gautam Adani. Gautam Adani, his nephew…
As investors reduced their exposure to the Indian company and some bankers contemplated halting new funding in the wake of bribery and fraud allegations by U.S. authorities, Adani dollar bond prices dropped Monday to nearly one-year lows. Gautam Adani, the group’s billionaire chairman, and seven other individuals were accused last week of conspiring to bribe…
Managers of ESG funds have once again been caught in the middle of a market catastrophe. Shares of Adani Green Energy Ltd., which are held by roughly 770 ESG funds globally, recently saw a 25% decline in value following US authorities’ charges of alleged bribery against Gautam Adani. It’s one of several Adani empire companies…