NEW DELHI: Shares of Adani Group companies rose between 0.2 per cent and 2.2 per cent on Tuesday (May 19) before the market bell, after the Trump administration moved to dismiss criminal fraud charges against billionaire Gautam Adani, easing a key legal overhang on the conglomerate.
The US Justice Department on Monday moved to drop charges accusing Adani and associates of paying bribes to secure power supply contracts in India, while Adani Enterprises separately settled alleged Iran sanctions violations tied to liquefied petroleum gas imports.
Shares of the group's flagship, Adani Enterprises, rose 1.67 per cent in pre-open trade to 2734.70 rupees. - Reuters
