By Bulletin Times 
Adani Group Stocks Plunge: ₹2.60 Lakh Crore Wiped Out Amid Bribery Allegations
Thursday turned into a nightmare for Adani Group investors as stocks across the conglomerate crashed by up to 20%, erasing a staggering ₹2.60 lakh crore in market value during early trade.
What Happened?
The sharp selloff followed news that U.S. prosecutors had indicted Gautam Adani and senior executives in an alleged $250 million bribery scheme. The market reaction was swift, with several Adani Group stocks hitting their daily lower circuits.
Key Losses:
Adani Enterprises: Dropped 20% to ₹2,256, wiping out ₹61,000 crore in value.
Adani Ports: Fell 20%, losing ₹55,688 crore in market cap.
Adani Green Energy: Tumbled 19%, erasing ₹42,887 crore.
Adani Power: Sank 18%, shedding ₹36,000 crore.
The total market cap of all 10 Adani-listed firms slid to ₹11.91 lakh crore, down from ₹14.24 lakh crore earlier this week.
Investor Reaction
As panic spread, energy stocks dragged the markets lower, with Nifty dipping below 23,400 and Sensex losing 470 points. Realty stocks offered some respite, showing gains amidst the chaos.
This massive selloff highlights growing concerns over the allegations and their potential impact on the Adani Group’s future. Investors are now closely watching the fallout as the scandal unfolds.