Shares of several Adani Group companies continued to face significant losses on Friday, with the majority of the group's listed firms trading lower for the second consecutive day. This decline follows the announcement that US prosecutors have charged billionaire Gautam Adani as part of an alleged scheme involving a bribe of USD 265 million (approximately Rs 2,200 crore) paid to Indian officials. This bribe was purportedly aimed at securing favourable terms for solar power contracts.

Among the hardest hit, Adani Green Energy saw a dramatic plunge of 10.95%, while Adani Energy Solutions dropped 8.57%, hitting a 52-week low of Rs 637.85 on the Bombay Stock Exchange (BSE). The flagship firm, Adani Enterprises, also saw its stock fall by 6.98%, reaching a 52-week low of Rs 2,030. Other companies in the group were not spared either, as Adani Power lost 6.38%, Adani Total Gas fell 6.11%, Adani Ports dipped by 5.31%, and Adani Wilmar tumbled by 5.17%, reaching a one-year low of Rs 279.20. NDTV also saw a decline of 3.41%.