Adani Green soars 19% as group stocks recover sharply amid ongoing U.S. legal challenges

Shares in India’s Adani Group surged following the group’s denial of bribery charges against chairman Gautam Adani, with Adani Green Energy jumping by 19%. The stocks have recovered significantly since a major drop on Nov. 21, with Adani Energy rising by 14.4% and Adani Total by 7.2%. Adani and his nephew were indicted in a U.S. court for alleged bribery, but a statement from Adani Green Energy clarified that they had not been charged with any violations, leading to a rebound in the stocks.

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