India’s Adani Enterprises shares shoot up 20 pct, trading suspended

Published: Updated:
Read Mode
100% Font Size
1 min read

Shares in the flagship firm of troubled Indian conglomerate Adani were suspended on Tuesday after they soared 20 percent, making up some of the huge slump since last month.

The rise in Adani Enterprises’ share price followed a move by tycoon Gautam Adani's empire on Monday to pay back loans of $1.1 billion after allegations of accounting fraud wiped more than $100 billion off the group’s market value.

For the latest headlines, follow our Google News channel online or via the app.

Read more:

Adani Group saga enters third week as officials step in to calm market nerves

Adani flagship shelves $122 million bond plan after market rout

Adani row rocks India's parliament following share meltdown

Top Content Trending