Renewed debt worries trigger sharp sell-off in Adani Group stocks

All 10 stocks of Adani Group fell on Tuesday after media reports triggered fresh concerns about the embattled conglomerate’s debt levels.

Shares of Adani Enter­prises, the group’s flagship company, fell the most with 7.1 per cent to close at Rs 1,602 apiece, followed by Adani Ports & SEZ, which declined 5.7 per cent to end the day at Rs 594 per share. Six other group companies finished at their 5 per cent lower trading limit while shares of ACC and Ambuja Cements fell by 4.2 per cent and 2.9 per cent, respectively.

As a result, the combined market capitalization (m-cap) of the group firms declined by over Rs 50,000 crore.