Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.

India's parliament was suspended on Monday after disruption by lawmakers demanding a discussion of bribery allegations against the Adani Group, while major partner TotalEnergies halted investments into the ports-to-power conglomerate.

After withdrawing ₹1.14 lakh crore from Indian markets in October, FPIs continued their selling spree in November, pulling out an additional ₹42,000 crore. This brought the total outflows to ₹1,56,000 crore in less than two months,