New Delhi. Shares of five of the 11 market-listed companies of Adani Group registered a rise on Thursday. On BSE, shares of Adani Total Gas rose 15.69 percent, Adani Energy Solutions 10 percent, Adani Green Energy 10 percent, Adani Power 6.95 percent and Adani Enterprises 1.63 percent. Adani Energy Solutions and Adani Green Energy touched their highs for the day.
However, Adani Ports shares fell by 2.73 per cent, NDTV by 2.03 per cent, ACC by 0.75 per cent, Ambuja Cements by 0.48 per cent, Adani Wilmar by 0.44 per cent and Sanghi Industries by 0.17 per cent. Meanwhile, BSE Sensex fell by 1,190.34 points. With 79,043.74 points and NSE Nifty slipped 360.75 points and closed at 23,914.15 points. There was a rise in the shares of all the companies of Adani Group on Wednesday. Shares of Adani Total Gas and Adani Power had risen by about 20 percent.
Adani Green Energy Limited had said on Wednesday that industrialist Gautam Adani and his nephew Sagar Adani have not been charged with violating the US Foreign Corrupt Practices Act (FCPA) in the alleged bribery case. Rather, he has been charged with securities fraud, which can carry monetary penalties. AGEL is accused of paying bribes worth US$265 million to Indian officials to win the solar power sales contract, which could have provided the company with a profit of US$2 billion over a 20-year period.
The company said the three AGEL executives have been charged only with conspiracy to commit securities fraud, conspiracy to commit wire fraud and securities fraud. Generally the penalties for such charges are less severe than for bribery. Last week, Adani Group had rejected all the allegations and said that it will adopt all possible legal means to defend itself.