Adani Group Stocks Rebound Following Clarification From Adani Green Energy On US Bribery Charges; WHY?
Adani Group stocks gained momentum in Wednesday’s trade, climbing up to 7%, after the group clarified allegations concerning US Foreign Corrupt Practices Act (FCPA) violations. The surge comes as Adani Green Energy Ltd (AGEL) issued a statement dispelling claims of bribery charges against key executives,