Miner Company
Adani stocks rise as US moves to scrap criminal fraud charges
Adani Group stocks advanced on Tuesday after the US Justice Department moved to dismiss a criminal fraud case against billionaire Gautam Adani and his associates, according to Reuters. Shares across the conglomerate traded between 0.13% and 2.32% higher, as investors welcomed the possible removal of a significant legal overhang that had weighed on sentiment towards the group for months.
Adani Group stocks advanced on Tuesday after the US Justice Department moved to dismiss a criminal fraud case against billionaire Gautam Adani and his associates, according to Reuters. Shares across the conglomerate traded between 0.13% and 2.32% higher, as investors welcomed the possible removal of a significant legal overhang that had weighed on sentiment towards the group for months.