Adani stocks' mcap erodes by Rs 2.45 lakh cr

Adani group stocks faced heavy drubbing during the morning trade on Thursday, with the combined market valuation of all the listed firms getting eroded by Rs 2.45 lakh crore, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay $250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. Photograph: Amir Cohen/Reuters The stock of the group's flagship firm Adani Enterprises plunged 22.99 per ...