Tag: SEC charges

Adani Group Stocks Tumble as SEC Charges Cause Market Shock

On November 22, 2024, Adani Group stocks suffered dramatic losses after the SEC filed charges against Gautam Adani and others, causing a $22 billion market cap erosion. Adani Green Energy and Adani Enterprises were hardest hit. Tata Power and NTPC also faced challenges, while LIC remained stable, with analysts observing potential political impacts on investment recovery.