Adani Green plunges 11% after TotalEnergies says it will make no new financial contribution to Adani Group investments

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A general view of Adani Green Energy’s Mundra Solar Technopark in Mundra, India, April 11, 2024. REUTERS

          Companies

  • Adani Green Energy Ltd
  • TotalEnergies SE
Nov 25 (Reuters) – Shares of Adani Green Energy (ADNA.NS), plunged 11.3% on Monday after TotalEnergies SE (TTEF.PA),  said it would not make any new financial contributions as part of its investments into the Adani group of companies amid a U.S. federal indictment against the head of the company and his nephew.

Reporting by Chris Thomas in Bengaluru; Editing by Abinaya Vijayaraghavan

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