Adani Green plunges 11% after TotalEnergies says it will make no new financial contribution to Adani Group investments

A general view of Adani Green Energy’s Mundra Solar Technopark in Mundra, India, April 11, 2024. REUTERS/Amit Dave/File Photo

Nov 25 (Reuters) – Shares of Adani Green Energy, plunged 11.3% on Monday after TotalEnergies said it would not make any new financial contributions as part of its investments into the Adani group of companies amid a U.S. federal indictment against the head of the company and his nephew.