Shares of Adani Group companies came under selling pressure, sliding up to 5 per cent on the BSE in Thursday’s intra-day trade on new allegations that Adani family’s partners used ‘opaque’ funds to invest in its own stocks.
Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Enterprises, Adani Total Gas, Adani Ports, Ambuja Cements, Adani Wilmar and ACC were down between 2-5 per cent in intra-day trade today. In comparison, the S&P BSE Sensex was up 0.06 per cent at 65,129 at 10:13 am.
The Organised Crime and Corruption Reporting Project (OCCRP) in an article on Thursday, said that millions of dollars were invested in some publicly traded stocks of India’s Adani Group via “opaque” Mauritius funds that “obscured” involvement of alleged business partners of the Adani family.
