Shares of multiple Adani Group companies rise following developments in a US legal matter connected to allegations in New York. Business Standard reports that Adani Green Energy shares increase to about ₹1,407, while Adani Total Gas also gains. Times of India says stocks across several Adani firms, including Adani Enterprises, Adani Green Energy, Adani Power and Adani Ports, climb by as much as 3.5% as the case is effectively closed.
NDTV adds that US regulatory and legal investigations involving the group close within the last couple of days, including the US Department of Justice decision that drops charges. Business Standard also cites a Bernstein report arguing that the settlement of a US SEC case and moves by US prosecutors to drop charges remove a major “overhang” that had kept many global funds away. The report covers four listed Adani companies—Adani Ports and Special Economic Zone, Adani Green Energy, Adani Power and Ambuja Cements—and says some stocks still trade below pre-crisis levels despite earlier recoveries, suggesting potential room for renewed foreign funding and investor participation.
