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Adani Green shares dip 11% as TotalEnergies halts investments over bribery charges
short by Ashley Paul / on Monday, 25 November, 2024
Shares of Adani Green Energy dipped over 11% on Monday after France's TotalEnergies announced that it's halting all investments in Adani Group firms till US' indictment into the conglomerate is completed. "[We] reject corruption in any form," TotalEnergies said. US' bribery allegations are centred on Khavda solar park, for which the French firm paid $444 million for a 50% stake.
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