Adani group stocks rise on reports US close to dropping charges against Gautam Adani

May 15 (Reuters) - Shares of India's Adani group companies rose between 0.5% and 3.5% on Friday, after media reports that the U.S. Justice Department was close to dropping criminal fraud charges against billionaire Gautam Adani.

Adani on Thursday also resolved a related civil fraud lawsuit brought by the U.S. Securities and Exchange Commission, over an alleged scheme to bribe Indian government officials, subject to court approval.

Shares of the group's flagship, Adani Enterprises ADEL.NS, rose as much as 3.2% in pre-open trade but came off to trade 1.6% higher at 2,756 rupees.


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