FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. Reuters/Amit Dave/File Photo | Photo Credit: AMIT DAVE
Shares of India’s Adani group companies rose between 0.5 per cent and 3.5 per cent on Friday, after media reports that the US Justice Department was close to dropping criminal fraud charges against billionaire Gautam Adani.
Adani on Thursday also resolved a related civil fraud lawsuit brought by the US Securities and Exchange Commission, over an alleged scheme to bribe Indian government officials, subject to court approval.
Shares of the group’s flagship, Adani Enterprises, rose as much as 3.2 per cent in pre-open trade but came off to trade 1.6 per cent higher at ₹2,756.
Published on May 15, 2026