Mumbai, November 27 (IANS). There was a stormy rise in the shares of Adani Group in Wednesday’s trading session. At the end of trading, the shares closed with a gain of 20 percent. This rise was led by the group’s power companies.
With this rise, the market cap of all the companies of Adani Group has increased by about Rs 1.25 lakh crore to about Rs 12.60 lakh crore.
Shares of Adani Power Limited (APL) and Adani Total Gas Limited (ATGL) closed at Rs 525 and Rs 695, respectively, in the upper circuit of 20 per cent.
At the end of the session, shares of Adani Green Energy Limited (AGEL) and Adani Energy Solutions Limited (AESL) were at Rs 988 and Rs 660 respectively with upper circuit of 10 percent.
Apart from this, shares of Adani Group’s flagship company Adani Enterprises Limited (AEL) closed at Rs 2,399 with a gain of 11.56 percent. Adani Ports shares closed with a rise of 5.90 percent, Adani Wilmar shares closed with a rise of 8.31 percent, Ambuja Cement shares closed with a rise of 4.51 percent, ACC shares closed with a rise of 4.05 percent and NDTV shares closed with a rise of 9.26 percent.
This rise has come after the information given in the stock exchange filing by Adani Green Energy Limited (AGEL), which said that in the charge sheet filed by the US Department of Justice (DOJ), Adani Group Chairman Gautam Adani, nephew Sagar Adani. And there is no allegation of wrongful dealings against senior executive Vineet Jain.
The filing further said that the US DOJ’s charge sheet contains five charges. There is no mention of Gautam Adani, Sagar Adani and Vineet Jain in any of them, nor are they named in the first charge of “conspiracy to violate the FCPA” nor are these three named in the fifth charge of “obstruction of justice.” Conspiracy to insert.
The DOJ’s indictment provides no evidence of bribery by Adani Group officials to Indian government officials. The indictment and complaint are based only on the claim that a bribe was promised or discussed.
Rajya Sabha MP and senior lawyer Mahesh Jethmalani, while talking to IANS, said that the indictment that has come from America has no basis nor do they have any evidence. The big thing is that this entire matter is about Adani Green’s bond issue and neither Adani Group nor Adani Green has been made an accused in it.
–IANS
ABS/GKT
