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 · Reuters

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(Reuters) - Shares of Adani Green Energy plunged 11.3% on Monday after TotalEnergies SE 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.

(Reporting by Chris Thomas in Bengaluru; Editing by Abinaya Vijayaraghavan)