Adani stocks, bonds under pressure over probe in US
In the latest trading session on Monday, shares of various Adani group companies faced downward pressure following reports of the US Justice Department widening its probe into the conglomerate for potential bribery allegations. This development also led to a decline in the prices of dollar-denominated bonds of certain group entities. Adani Total Gas recorded a 4.4% drop, Adani Transmission closed 3.4% lower, and Ambuja Cement saw a 2.8% decrease.
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