Stocks and bonds of India's Adani Group dropped for a second session on Friday after a U.S. arrest warrant was issued for its billionaire founder Gautam Adani over an alleged $265 million bribery scheme.

Adani Enterprises, the flagship company of the group, saw its shares drop by more than four percent in morning trading, with similar losses recorded in its ports and power subsidiaries.

Adani Group stocks continued to fall for a second day, with Adani Enterprises and Adani Ports experiencing significant drops. This comes amidst accusa

(Reuters) -Indian shares opened higher on Friday, led by rebound in financials after a sharp drop on Thursday, while most Adani group stocks continued their decline after a $27 billion drop in market value in the previous session.

New York prosecutors said billionaire Gautam Adani and seven of his execs paid massive bribes to the Indian government and hid them from US investors.

Gautam Adani, the world's 18th-richest person, came under scrutiny from both US prosecutors and a major short-selling group in recent years.

India's benchmark equity indexes fell on Thursday, dragged down by a plunge in Adani Group company stocks after U.S. authorities indicted Gautam Adani, the conglomerate's chairman, over his alleged role in a $265 million bribery scheme.