witnessed gains on Tuesday after US authorities closed a series of legal and regulatory proceedings involving chairman Gautam Adani and his nephew Sagar Adani, easing a major uncertainty that had weighed on investor sentiment and the conglomerate’s overseas fundraising plans.
Post noon, shares of Adani Enterprises Ltd (AEL) rose 1.81% to ₹2,739, while Adani Green Energy Ltd also gained 1.81% to trade at ₹1,393.05. Adani Total Gas climbed 2.28% to ₹623.85, Adani Energy Solutions Ltd advanced 0.62% to ₹1,336.4 and Adani Power rose 0.39% to ₹220.1. Adani Ports and Special Economic Zone Ltd was the only major group company trading in the red, slipping 0.31% to ₹1,781.45.
The rally followed the US Department of Justice’s (DOJ) move to permanently withdraw criminal securities and wire fraud charges against Gautam Adani and Sagar Adani in a New York court. The court subsequently dismissed the indictment “with prejudice”, effectively preventing the case from being reopened.
In its filing, the DOJ said it had decided not to devote further prosecutorial resources to the matter after reviewing the case.
The development comes days after the US Securities and Exchange Commission (SEC) resolved related civil proceedings linked to disclosures made during a 2021 bond issuance by Adani Green Energy Ltd. Under the proposed settlement, Gautam Adani agreed to pay $6 million and Sagar Adani $12 million in civil penalties, without admitting or denying the allegations.
Separately, Adani Enterprises Ltd also reached a $275 million settlement with the US Treasury Department’s Office of Foreign Assets Control (OFAC) over alleged sanctions-related violations tied to liquefied petroleum gas (LPG) imports.
The closure of the multiple proceedings is being viewed by investors as a key relief for the infrastructure-to-energy conglomerate, which depends significantly on global debt markets and international investors for long-term project financing.
The legal matters had emerged in late 2024, when US authorities alleged that disclosures tied to renewable energy-related contracts in India were misleading to overseas investors. The Adani Group had consistently denied wrongdoing and challenged the applicability of US securities laws to transactions and conduct that were largely India-centric.
Legal representatives for the Adanis had argued before the US court that the securities involved were not listed on US exchanges and that the alleged acts occurred outside American jurisdiction.