Adani Energy Solutions led the surge, soaring 7.71 per cent, followed by gains in other group companies, signaling investor confidence despite ongoing allegations against the conglomerate

Adani Group stocks rallied after the company clarified executives were cleared of bribery allegations. Moody's downgraded the outlook for several Adani firms to negative. The action follows US legal proceedings against Adani executives.

Adani Green Energy Ltd (AGEL) said in a statement today that the DoJ indictment does not include these executives in any bribery or corruption counts.

Indian shares ended higher on Wednesday, led by a rebound in Adani Group stocks after its subsidiary, Adani Green, clarified that key officials had not been charged with violations of the U.S. Foreign Corrupt Practices Act in last week's indictment.

Shares of all Adani Group firms were trading in the green during the morning markets on Wednesday, 27th November 2024. Adani Energy climbed back from the previous day, with shares going up by approximately 8 per cent,