Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The stock of
Adani Energy Solutions soared 7.71 per cent, Adani Power surged 5.96 per cent,
Adani Total Gas rallied 4.70 per cent, Adani Green Energy jumped 4.34 per cent
and Adani Enterprises climbed 4.15 per cent on the BSE.Shares of NDTV shot up
3.61 per cent, Adani Wilmar climbed 2.78 per cent, Ambuja Cements (1.92 per
cent), Adani Ports (1.67 per cent), Sanghi Industries (1.71 per cent) and ACC
(1.37 per cent).
On Tuesday, shares of all Adani group firms ended lower,
with Adani Green Energy tumbling 7 per cent.
Billionaire
Gautam Adani, and his nephew Sagar have not been charged with any violation of
the US Foreign Corrupt Practices Act (FCPA) in the indictment that authorities
filed in the New York court in the alleged bribery case, the Adani Group said
on Wednesday.
They have been charged under securities fraud that
involves levy of monetary penalties.
Gautam Adani,
founder chairman of the ports-to-energy conglomerate, his nephew Sagar, and
another key executive have been charged by the US Department of Justice of
being part of an alleged scheme to pay USD 265 million bribes to Indian
officials to win contracts for the supply of solar electricity that would yield
USD 2 billion profit over a 20-year period.
In a stock
exchange filing, Adani Green Energy Ltd -- which is at the centre of the
bribery allegations -- said reports saying the three have been charged with
FCPA violations "are incorrect".They are charged for offences that
are punishable with a monetary fine or penalty.
"Gautam Adani, Sagar Adani and VneetJaain have not
been charged with any violation of the FCPA in the counts set forth in the
indictment of the US DOJ or civil complaint of the US SEC.
"These
directors have been charged on three counts in the criminal indictment namely
(i) alleged securities fraud conspiracy, (ii) alleged wire fraud conspiracy,
and (iii) alleged securities fraud," it said.
Adani Group has denied all allegations as baseless and
said it will take all possible legal recourse to defend itself.
