Adani Group stocks drop over 4% as US SEC seeks India’s help in probe

Adani Group stocks fell sharply on Wednesday, with Adani Enterprises dropping 4.3%, after reports emerged that the U.S. SEC sought Indian authorities' help in its probe into the Adani family over alleged securities fraud and a Rs 2,300 crore bribery scheme. The SECs ongoing efforts to serve legal complaints triggered investor concerns, leading to a broad sell-off in Adani Group stocks.