Adani Group Starts Fresh Week In Green: OCCRP Report Shelved?

Adani Group started the fresh week in green on Monday as all listed stocks were trading higher.

What Happened: Days after George Soros-backed Organised Crime and Corruption Reporting Project (OCCRP) laid allegations that “opaque funds” based in Mauritius were trading heavy volumes of group stocks and had connections with the Adani family, the Adani seems to have shrugged off the report.

While the stocks did experience a fall immediately after the report was released, by Friday evening most Adani stocks closed higher.

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The company had vehemently denied the allegations calling them recycled.

Over the weekend, several media reports also suggested that the Sri Lankan government was trying to elevate its $400 million (₹3,280 crore) project with Adani Green to a government-to-government deal.

Price Action: Here is how Adani Group stocks traded in the early hours of trading on Monday.

Adani Enterprises shares traded 0.41% higher at ₹2,460.20.

Adani Green Energy was down 0.37% to trade at ₹945.60.

Adani Ports & SEZ was up 0.59% to trade at ₹804.20.

Adani Power’s share price jumped 1.77% to trade at ₹336.10.

Adani Total Gas shares were up 0.28% to trade at ₹635.60.

Adani Wilmar was up 0.94% to trade at ₹355.55.

Adani Transmission was up 0.44% to trade at ₹828.55.

Ambuja Cement shares traded 0.89% higher at ₹437.50. ACC shares traded 1.03% higher at ₹2,032.05.

NDTV was up 0.16% to trade at ₹216.15.

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Posted In: Adani GreenAdani GroupOCCRP