Adani Bonds, Shares In Red On News Of US Govt Widening Probe

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Last Updated: March 18, 2024, 13:45 IST

Adani Green was trading with deep cuts in morning trade

Adani Shares Today: Earlier in the morning, the stocks had dropped up to 8% before paring some of those losses.

Shares of all 10 Adani group companies traded lower on March 18 after Bloomberg reported that the US government had widened its investigation of the conglomerate over suspicions of bribery.

A note from unit Adani Ports & Special Economic Zone Ltd. due in 2041 slid 2.4 cents, the most since August, to 79.1 cents. Another bond from subsidiary Adani Renewable Energy RJ Ltd. due 2039 fell 2.3 cents to 83 cents, the worst drop since February 2023. That pares gains in recent months that sent the securities to their highest levels since 2022, Bloomberg said.

On Dalal Street, shares of Adani Total Gas were the biggest loser as it was trading 4% lower at noon. Stocks of Adani Transmission, Adani Ports, Ambuja Cements, ACC, Adani Green and…

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