Adani Stocks Rally Across The Board After US DoJ Drops All Charges Against Gautam, Sagar Adani
Every Adani Group stock traded green Tuesday after the US Justice Department permanently closed its case against chairman Gautam Adani and nephew Sagar Adani. Adani Green led the surge at +3.51%, with NDTV (+2.98%) and Adani Total (+2.97%) close behind. Adani Enterprises hit an intraday high of Rs 2,774.
What happened
All Adani Group stocks rallied Tuesday after the US DoJ dropped all charges against Gautam and Sagar Adani, closing the case permanently. Adani Green led gains
Key facts
- 2% gain Adani Enterprises
- Rs 2,747
- Rs 2,774 intraday high
- Adani Green +3.51%
- NDTV +2.98%
- Adani Total +2.97%
- $6 million Gautam Adani settlement
- $12 million Sagar Adani settlement
Why this matters
Cleared US legal slate reopens access to global capital markets, dollar bond issuance, and international JV conversations previously chilled by indictment risk.