Indian shares ended higher on Wednesday, led by a rebound in Adani Group stocks after its subsidiary, Adani Green, clarified that key officials had not been charged with violations of the U.S. Foreign Corrupt Practices Act in last week's indictment.

Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani slammed the indictment against the Adani Group in the US called the indictment as speculative and lacking evidence. “There is no allegation of bribery in India.

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.