Adani Group stocks tumble

July 20, 2021 19:27

Shares of Adani Group firms on Tuesday tumbled up to 5 per cent after the government told Lok Sabha that markets regulator Sebi and the Directorate of Revenue Intelligence (DRI) are probing some of the Group companies for alleged non-compliance with rules.

Adani Transmission dipped 5 per cent, Adani Total Gas went lower by 5 per cent, Adani Power dived 4.99 per cent, Adani Green Energy 3.90 per cent, Adani Enterprises 1.05 per cent and Adani Ports and Special Economic Zone 0.16 per cent on the BSE. During the day, Adani Transmission, Adani Total Gas, Adani Power, and Adani Green Energy touched their respective lower circuit limits.

Sebi and the Directorate of Revenue Intelligence are probing some Adani Group companies for alleged non-compliance with rules, the government told Lok Sabha on Monday.

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