Adani Enterprises share price dropped as much as 2.63%, while Adani Ports share price fell 2.72%. Adani Total Gas, Adani Green, Adani Energy Solutions and Adani Power shares were down between 1% and 2%.

The Wall Street Journal (WSJ) reported that the US has likely issued a new investigation into Gautam Adanis port-to-power empire, alleging links between Adani entities and Iranian LPG. Adani Enterprises have rejected the buzz.

Shares of Adani Group companies declined between 1 per cent to 2.5 per cent on Tuesday, following a Wall Street Journal report that US prosecutors were examining whether the conglomerate's entities facilitated the import of Iranian liquefied petroleum gas (LPG) into India through the Mundra port in Gujarat.