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001122334455554433221100

adani group faces bribery charges as mutual fund holdings drop significantly

Indian mutual funds held shares worth Rs 43,455 crore in 10 Adani Group firms as of October 31, 2024, amid bribery allegations against chairman Gautam Adani. Following accusations from US prosecutors of a $250 million bribery scheme for solar contracts, the group's market capitalization plummeted by Rs 2.2 lakh crore on November 21. The decline in mutual fund holdings will be reported on November 22.
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