Adani Group shares extend losses after US' bribery charges, fall as much as 11%

Shares of Adani Group firms extended losses on Friday after falling up to 23% on Thursday as US SEC charged Gautam Adani for participating in a scheme to pay over $250-million bribes to Indian government officials. Adani Green Energy saw the highest drop, at 10.95%, followed by Adani Energy Solutions (9.15%) and Adani Enterprises (6.98%). Adani Power fell 6.38%.