Adani Group sees $22 billion in value wiped off after US indictments

Quick Summary:

Adani group's 10 listed stocks had a total market capitalisation of about $147 billion at 0411 GMT, compared to $169.

Adani Green's units had decided not to proceed with the proposed US-dollar denominated bond offerings due to developments, it added.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Gautam Adani Stock market Adani Group companies US SEC US indictment Adani group Market value

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 10:32:22 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23728974

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