On January 23, 2026, Adani Group stocks witnessed a massive sell-off across its listed entities, resulting in a market capitalisation loss of about ₹1.4 lakh crore. The decline followed Reuters reports of the US SEC seeking court approval to serve email summons to company executives in connection with a bribery case.
Adani Group Shares nosedived up to 15% after news broke that the US Securities and Exchange Commission (SEC) is seeking to email summons to Gautam Adani and Sagar Adani.
The case involves an alleged $265 million bribery scheme relating to power purchase agreements for Adani Green Energy. Previously, India rejected official service requests twice on procedural grounds.
Following this development, the cumulative market capitalisation of the ten listed Adani companies dropped from ₹13.6 lakh crore to approximately ₹12.2 lakh crore during the trading session.
Adani Green shares were the most affected, closing 14% down at ₹772 on the BSE. Adani Enterprises, the flagship firm, dropped 11% to ₹1,862.80. Adani Energy saw a 12% fall while Adani Ports declined 7.5% by market close. Other group stocks such as Adani Total Gas, Ambuja Cement, and ACC also ended in the red.
Read More: US SEC Seeks Court Nod to Email Summons to Gautam Adani, Sagar Adani in Alleged Fraud and Bribery Case!
The SEC alleges that Adani executives engaged in illegal payments to Indian officials and failed to make accurate disclosures to US investors.
These allegations stem from a 2024 indictment unsealed in the US. India reportedly rejected the summons over signature and seal requirements, which the SEC contends are not applicable under global treaties, including the Hague Convention.
The Adani Group has denied all allegations, calling them baseless. The company has stated it will explore all legal avenues. India’s law ministry previously indicated that this is a legal matter between private entities and did not respond to recent media queries on the SEC’s move to email the summons.
The sharp decline in Adani Group stocks totalling ₹1.4 lakh crore was driven by developments surrounding the SEC’s move to serve legal summons in a foreign bribery case. The group continues to maintain that the case lacks merit and involves procedural irregularities in international service of legal documents.
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Published on: Jan 24, 2026, 9:29 AM IST
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