Shares of Adani Group cos decline by 2-4% on OCCRP report

Mumbai: Shares of most Adani group companies fell 2-4% on Thursday as sentiment soured after a report by Organised Crime and Corruption Reporting Project (OCCRP) – a network of investigative reporters backed by billionaire-philanthropist George Soros – alleged that business partners of the Adani family made large investments in its shares through ‘opaque’ Mauritius funds. The group lost nearly ₹35,200 crore in market capitalisation following the sell-off.