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 Notícia

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 288. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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 Consulte Mais informação »

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 Consulte Mais informação »

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 Consulte Mais informação »