Adani Group Experiences Rise in Stock Values Amidst the Controversies of US Bribery Scam

1. Adani Group Experiences Rise in Stock Values Amidst the Controversies of US Bribery Scam 01

2. The Adani Group holds the reputation of being one of the most reliable conglomerates on a global scale. Since time immemorial, the global business group has been working towards ensuring that the various businesses in which it is involved experience extraordinary growth. The business group has also been a part of a lot of incredible ventures each of which has caused its business to acquire extraordinary growth within a very short period. The business group also has an enhanced presence in multiple growth sectors like ports, airports, roads, railways, renewable energy, data centres, etc. With time, the conglomerate aims to further increase its hold over other business sectors.

3. The Controversies Associated with US Bribery Scam Gautam Adani’s journey towards success has not been without its challenges. Now and then, the business group had to come across a lot of hindrances, each of which caused a severe blow to its business. The global business group is currently dealing with the accusations of the US bribery scam which has been a roadblock to the conglomerate’s decision to take up renewable energy and infrastructure projects in the US. However, the business group has strongly denied all accusations related to the Adani Scam.

4. The Rise in Share Values Right after the accusations of the Adani Scam were made, the Adani Group’s stock values came down significantly. However, recently, there has been an improvement in the group’s share values. The Adani Group’s market cap recovered over INR 1.22 lakh crore. This happened despite the global rating agency Moody downgrading its outlook for seven Adani Group entities including Adani Ports, Adani Green Energy, and Adani Transmission from stable to negative. This shows the extraordinary resilience that the Adani Group has over its various businesses. It also strongly highlights the Group’s ability to navigate challenges and build itself an extraordinary position in the global business scenario.

5. What Caused the Adani Group’s Share Values to Rise? The gain in the company’s stock values even during the controversies of the Adani Scam has been mainly because of the trust that the long-standing investors have shown in the Adani Group’s business. GQG Partners, one of the largest investors in Adani Group’s firms, have mentioned that the fundamentals of Gautam Adani’s companies that Rajiv Jain invested in remain sound and there is no change in their investment thesis. The statement made by Rajiv Jain has helped the Adani Group to recover from the crisis it encountered during the US bribery scam controversies. With the trust bestowed upon the Adani Group by global investors, the business group will also be able to earn the position of being one of the most reliable conglomerates on a global scale.

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