Stock Market Today: Adani group stocks rebounded on Wednesday gaining up to 6% post clarification issued by Adani Green Energy Ltd on the Exchanges regarding bribery charges against the Gautam Adani and others.
Adani Power share price led the gains.
Adani Group stocks rise up to 6%
While Adani Green Energy share price gained up to 4%, Adani Enterprises share price gained more than 4% during intraday trades on Wednesday. Adani power Ltd gained up to 6% leading the gains as Adani Total Gas ltd also saw gains of almost 5%. Among others Adani Wilmar Ltd, Adani Posts and Special and special Economic Zone Ltd, Ambuja Cements Ltd. ACC Ltd, New Delhi Televisions Ltd saw gains of up to 3%
Clarification by Adani Green
Adani Green Energy Ltd in a release on the exchanges said that “Gautam Adani, Sagar Adani and. Vineet Jain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the US DOJ or civil complaint of the US SEC”.
Referring to various news articles that state certain of its directors namely Gautam Adani, Sagar Adani and Vineet Jain have been charged with violation(s) of the U.S. Foreign Corrupt Practices Act (“FCPA”) in the indictment, the company said that such statements are incorrect.
These directors have been charged on three counts in the criminal indictment namely (i) alleged securities fraud conspiracy, (ii) alleged wire fraud conspiracy, and (iii) alleged securities fraud, said the release.
