Mumbai: The Adani Group on Wednesday saw its market capitalization rise by around Rs 1.25 lakh crore, as shares in its portfolio of companies, led by Adani Power and Adani Green, surged as much as 20 percent. .
This took the group’s total market capitalization to around Rs 12.47 lakh crore. Shares of Adani Power Ltd (APL) and Adani Total Gas Ltd (ATGL) closed at Rs 525 and Rs 695, respectively, with an upper circuit of 20 percent.
Meanwhile, shares of Adani Green Energy Limited (AGEL) and Adani Energy Solutions Limited (AESL) closed at Rs 988 and Rs 660 respectively with an upper circuit of 10 per cent. Meanwhile, shares of Adani Group’s flagship company Adani Enterprises Ltd (AEL) rose 11.56% to close at Rs 2,399.
Shares of Adani Ports closed up 5.90 percent, Adani Wilmar 8.31 percent, Ambuja Cements closed up 4.51 percent, ACC shares gained 4.05 percent, and NDTV shares gained 9.26 percent. Closed. .
Shares of all Adani portfolio companies opened in the green. The sharp recovery in the stock came after Adani Green Energy Ltd (AGEL)’s stock exchange filing said that Adani Group chairman Gautam Adani, nephew Sagar Adani, and senior executive Vineet Jain have been cleared of bribery charges. As per the US Dept. Justice (DoJ) indictment.
In its filing, AGEL termed as “false” reports of bribery and corruption allegations against Adani officials by various media houses.
“Media article stating that certain of our directors, namely Mr. Gautam Adani, Mr. Sagar Adani and Mr. Vineet Jain, have been charged in an indictment with violations of the US Foreign Corrupt Practices Act (FCPA). Such statements are wrong.” A statement filed by Adani Green Energy Limited said.
It added, “Mr. Gautam Adani, Mr. Sagar Adani and Mr. Vineet Jain are not charged with FCPA violations in the counts filed in the USDOJ or USSEC civil complaint. is.”
Adani Green Energy, citing the latest US DoJ filing, said that Azure Power Global Ltd. has been charged with bribery under the provisions of the US FCPA. And only senior officials of the Canadian Pension CDPQ are named.
Rajya Sabha Member of Parliament and Senior Advocate Mahesh Jethmalani while talking to IANS said that the charge that came from the US has no basis and they do not have any evidence.
“This entire matter is about Adani Green’s bond issue and neither Adani Group nor Adani Green has been accused in it,” he said.