Wednesday, 27 November 2024

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Adani Group says it lost nearly $55b since US corruption charges

 Published: 11:49, 27 November 2024

Adani Group says it lost nearly $55b since US corruption charges

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials.

'Since the intimation of the US DoJ (Department of Justice) indictment, the group has suffered a loss of near $55 billion in its market capitalisation across its 11 listed companies,' it said in a statement.

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