According to a Bloomberg report, Adani Enterprises has hit a roadblock in its efforts to resolve an ongoing bribery case, with progress reportedly stalled due to the current strain in diplomatic relations between the United States and India.
The development is being viewed as a negative for the Adani Group, which has been working to address multiple concerns in recent months, including regulatory scrutiny and debt refinancing efforts. The stalled resolution adds further uncertainty at a time when global investors have been closely tracking the conglomerate’s governance and compliance measures.
Meanwhile, shares of Adani Enterprises were trading higher on Wednesday. The stock rose 2.58% to ₹2,400.50 on the NSE, up ₹60.30 from the previous close of ₹2,340.20. The company’s market capitalization now stands at ₹2.78 lakh crore, with the stock moving in a day range of ₹2,340.20 to ₹2,418.70.
