Shares of Adani group companies tumbled up to 13 per cent on Friday amid reports that the US Securities and Exchange Commission has sought the court's approval to serve summons to Gautam Adani and Sagar Adani over alleged fraud and a USD 265-million bribery case. The stock of the group's flagship firm, Adani Enterprises, plunged 9.38 per cent to Rs 1,891.60 apiece, Adani Power dropped 8.84 per cent to Rs 128.35, Adani Ports plunged 7.81 per cent to Rs 1,303.35, and Adani Total Gas by 7.55 per cent to Rs 507 on the BSE. The scrip of Ambuja Cements declined 5.98 per cent to Rs 513.50, Sanghi Industries by 5.96 per cent to Rs 60.06, NDTV by 5.31 per cent to Rs 80.72, and ACC by 2.76 per cent to Rs 1,680 per piece. Thereafter, the regulator has sought permission to serve the notices to Gautam Adani and Sagar Adani through email. The lawsuit was filed in November 2024, accusing Gautam Adani and Sagar Adani of flouting US securities laws by making false and misleading statements related to Adani Green Energy Ltd.

Source: The Telegraph January 23, 2026 10:45 UTC