Adani Group Stocks Experience Significant Uptick

All listed Adani group stocks saw a sharp increase in their value this Monday. This surge comes amidst reports that representatives of Gautam Adani have engaged with US administration officials in an effort to have criminal charges related to a bribery probe dismissed.

Details of the Charges

Last November, US authorities charged Gautam Adani, along with his nephew Sagar Adani and MD Vneet S Jaain, for their alleged involvement in a scheme to bribe Indian government officials. The aim was reportedly to secure solar energy contracts, with the additional accusation of concealing these plans from US investors during fundraising efforts.

Stock Performance Highlights

Adani Total Gas led the rally with an 11% jump, followed by Adani Enterprises at 7%, Adani Green Energy at 6.6%, Adani Ports at 6.3%, and Adani Power rounding out the top performers with a 5.9% increase on the BSE.