• Source:JND
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Adani Group Stocks Today: The shares of all listed companies of the Adani group were trading higher in early trade on Tuesday after the US Department of Justice permanently dropped all criminal charges against Gautam Adani and his nephew Sagar Adani.

Adani Group's Stocks Today

NDTV Share Price: Reacting to the development, NDTV shares surged over 7 per cent in early trade.

Adani Green Share Price: Adani Green shares jumped 4.27 per cent in early trade

Adani Total Gas Share Price: The Adani Group stock rallied 3.51 per cent.

Adani Enterprises share price: The shares of Adani's flagship firm climbed 3.12 per cent in early trade.

Adani Energy Share Price: The stock edged higher by 2.53 per cent.

Adani Power Share Price: The Adani group power stock advanced 2.48 per cent.

ACC share price: The cement company shares were trading near 1.5 per cent higher.

Adani Ports Share Price: The shares of Adani Ports rose by 0.93 per cent.

Also Read: Stock Market Trades Higher In Early Trade On Firm Global Cues; Sensex Up 380 Points

Fraud Case Closed

This development brings to a close a high-profile securities and wire fraud case in New York, after prosecutors concluded they could not pursue charges.

In addition, several U.S. regulatory and legal investigations involving the group have come to a halt.

Case Settlement

Last week, the US Securities and Exchange Commission settled a civil complaint against the two for information related to solar power projects in India.

Court filings show that Gautam Adani has agreed to pay US$6 million and Sagar Adani has agreed to pay US$12 million, without admitting or denying any wrongdoing.

The US Treasury Department's Office of Foreign Assets Control later settled allegations that the Adani Group violated a US ban on LPG imports from Iran. The Indian group subsequently agreed to extend its "full cooperation" with the investigation, provide "proactive" information, and pay US$275 million.

Now, US prosecutors in the Eastern District of New York have dropped all charges against Gautam Adani and his nephew Sagar Adani.

In its court filing, the U.S. The Department of Justice requested that the charges against Adani be dismissed with prejudice.

"The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these criminal charges against individual defendants," it said.

Thereafter, the court ordered that the indictment against Adani and others "be dismissed with prejudice".

(With Input From PTI)


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