Five Adani Group Firms Settle Lower; Adani Green Tanks 8%
Adani Ports, ACC, Adani Enterprises, Adani Wilmar and Ambuja Cements were gainers, while Adani Green, Adani Total Gas, Adani Energy, Adani Power and NDTV were laggards
Five Adani Group Firms Settle Lower; Adani Green Tanks 8%
New Delhi: Shares of five Adani group firms ended lower on Monday, with Adani Green Energy tumbling 8 per cent after French energy giant TotalEnergies SE said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm’s founder is cleared of bribery charges. The stock of Adani Green Energy tumbled 8.05 per cent to settle at Rs 967.65. During the day, the stock tanked 11 per cent to hit a low of Rs 932.90.
TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani’s business empire and had previously taken stakes in the group’s renewable energy venture Adani Green Energy Ltd (AEGL) and city gas unit Adani Total Gas Ltd (ATGL).
