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Adani group stocks continue to be in focus on November 22 after the Group’s chairman Gautam Adani along with his nephew Sagar Adani and 6 others were charged with bribery by a US on Thursday. Kenya cancelled a major deal with the company following the news. The stocks of Adani Group saw a significant drop on Thursday. Adani Enterprises was the major loser in the Nifty 50 followed by Adani Ports and SEZ.
The market cap of the top five companies of the Adani Group declined by Rs 1.67 lakh crore on Thursday, bringing the total to Rs 7.77 lakh crore. The top five companies include Adani Enterprises, Adani Wilmar, Adani Ports and SEZ, Adani Green Energy, and Adani Total Gas.
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Shares of Adani Green Energy fell 6.14% to Rs 1,075.35 after the company’s CEO Vneet Jaain and chairman of Adani Group Gautam Adani were charged with bribery and fraud by a US prosecutor.
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