BENGALURU — Shares of Adani Group companies fell sharply on Thursday, after a U.S. Federal Court indicted the group’s billionaire patriarch, Gautam Adani, accusing him of bribing Indian government officials in exchange for solar energy contracts.
Adani Green Energy, which runs renewable energy projects, including for solar power, was down 18.5%, while Adani Energy Solutions slid 20% on the Bombay Stock Exchange in early trade. Shares of flagship company Adani Enterprises also opened down 10% compared with yesterday’s close.
