News Formal

Adani Stocks Soar as Group Denies Bribery Allegations in U.S. Indictment

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 25 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

Business Notizia

Adani Group,Adani Green Energy,Adani Energy

Adani Green Energy saw its shares increase by up to 19% following the company's denial of bribery charges. Adani Energy and Adani Total also gained, reflecting a cautious optimism among investors despite ongoing legal challenges.

Adani Energy rose as much as 14.4% on Friday while Adani Total surged as much as 7.2% — it has gained 43% since the selloff following the indictment.

The 62-year-old billionaire was accused of paying over $250 million in bribes to Indian government officials to secure solar energy contracts that could generate more than $2 billion in profits. While those developments would"hurt Adani's credibility and growth prospects," the conglomerate enjoyed"strong government backing and sufficient liquidity to back their borrowings," said Arpit Chaturvedi, an advisor with Teneo's geopolitical risk advisory team.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 288. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Adani Green soars 19% as group stocks recover sharply amid ongoing U.S. legal challengesShares in India's Adani Group have been rallying on the back of the group's statement refuting bribery charges against its billionaire chairman, Gautam Adani.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Asia stocks dip as Nvidia brings little cheer; India slides amid Adani scandalAsia stocks dip as Nvidia brings little cheer; India slides amid Adani scandal
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »

Adani stocks tumble, hit lower circuit on US bribery, fraud chargesAdani stocks tumble, hit lower circuit on US bribery, fraud charges
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »