Adani shares crack up to 8% on Fitch downgrade; Green, Energy at 52-wk lows

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Adani shares crack up to 8% on Fitch downgrade; Green, Energy at 52-wk lows - Business Standard

Quick Summary:

In the past one week, the market price of Adani Green Energy and Adani Energy Solutions tanked 37 per cent and 32 per cent, respectively.

The United States Department of Justice have also included our Board member, Vneet Jaain, in such criminal indictment.

However, the Adani Group has strongly rejected the allegations made by the US SEC and the US DoJ, regarding charges of fraud and bribery involving several key figures from the conglomerate.