Adani Group shares under pressure; Adani Ent falls 5%, Adani Ports down 3%

Some of the biggest Adani group backers from the Gulf are likely to be among the largest buyers of the Adani Enterprises' FPO, which is expected to be launched later this month.

Shares of Gautam Adani Group companies were under pressure on Tuesday, falling up to 5 per cent on the BSE, as the benchmark index fell over 1 per cent.

Adani Enterprises, Ambuja Cements, Adani Power, Adani Ports and Special Economic Zone (SEZ), Adani Wilmar, Adani Total Gas, ACC, Adani Green Energy and Adani Transmission fell in the range of 2 per cent to 5 per cent on the BSE. In comparison, the S&P BSE Sensex was trading lower by 1.2 per cent at 60,047 at 01:15 PM.

Among individual stocks, the Group's flagship company -- Adani Enterprises –