The shares of Adani group companies on Thursday after news reports based on documents released by a group of investigative journalists alleged that offshore entities controlled by the Adani family’s associates made millions in profits, which were used to support the group’s share prices between 2013 and 2018.
Barring ACC, which rose by 0.47 per cent, the Adani group stocks fell between 2.2 per cent and 4.4 per cent, reducing the combined market capitalisation of group companies by around Rs 36,000 crore.
