Pressure in Adani Group shares
The market is already in panic due to US President Donald Trump’s tariff threats and his always being ready to attack anywhere. A decline is being seen in the market. At the same time, another news from America made the shares of Adani Group worse. On Friday, January 23, strong selling was seen in the shares of Adani Group. US market regulator Securities and Exchange Commission is seeking permission from the court to take legal action against senior leaders of Adani Group. Due to this news, there was pressure in the shares of the group.
According to Bloomberg report, SEC has approached a US District Judge seeking permission to send a legal notice to Adani Group Chairman Gautam Adani and his nephew Sagar Adani. This application was placed before US Judge Nicholas Garoufis in Brooklyn, New York earlier this week.
Adani’s troubles may increase
According to reports, SEC has also told the court that if notice cannot be given through normal means, then it wants permission to give information about the case to Gautam and Sagar Adani through other legal means. SEC says that it has tried to send summons in the normal way several times before, but failed every time.
Bloomberg reported that the SEC also informed the court that it had sought help from the Indian government several times, but till now it has not got any success. For this reason, the American regulator now wants to take permission from the court and adopt such methods by which official information can be given to both legally. This entire incident had an impact on investors’ sentiments and a sharp fall was seen in many shares of Adani Group in Friday’s trading session.
Adani Group Stocks
Heavy selling was seen in almost all the shares of Adani Group. Adani Green Energy suffered the most loss and fell 7.7% to an intraday low of Rs 835. Adani Enterprises and Adani Energy Solutions both declined by 5.7% to hit a low of Rs 1,968.20 and Rs 872.10.
Adani Ports fell 4.5% to Rs 1,351, while Adani Total Gas fell 4.1% to Rs 525.60. Adani Power also showed weakness and fell by 3% to reach a low of Rs 136.85. Cement shares also showed pressure. Ambuja Cements fell by 2.5% and ACC fell by 1.4%, which made it clear that there is an atmosphere of fear among investors regarding the entire group.
Adani Group vs SEC
SEC has sought permission from the US Federal Court to send legal notices to Gautam and Sagar Adani through email and their US-based lawyers. Generally, US law requires the subpoena to be served directly on the person. However, the SEC says that it has repeatedly faced difficulties in sending notices through official government channels in India. According to the regulator, in the last 14 months he sought help from India’s Ministry of Law and Justice twice, but both times his request was rejected.
SEC told the court that it is right to give notice through alternative means, because both Gautam and Sagar Adani are fully aware of this matter. Gautam Adani has also spoken publicly on this matter, including at the Adani Group AGM held in June 2025.
When is the matter?
This case is related to the allegations dated November 20, 2024, in which it was said that bribes worth more than $250 million were given to get contracts for solar projects between 2020 and 2024. The US Justice Department is conducting a criminal investigation in this case, while the SEC is running a civil case against Gautam Adani, Sagar Adani and former Adani Green Energy CEO Vineet Jain.
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