India Adani Group’s dollar bonds, shares tumble on US probe report
MUMBAI, March 18 (Reuters) – Most dollar bonds of Adani Group companies fell to their lowest level in two months on Monday following a report indicating that U.S. prosecutors have widened their investigation of the conglomerate to examine potential bribery. Shares of all 10 group and related companies also fell over 5% in early trading in India, with Adani Total Gas (ADAG.NS), opens new tab leading the decline. Bond prices fell, resulting in a 38 basis points increase in the yield on a note from Adani Ports & Special Economic Zone due in February 2032 to 7.20%. The yield had