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Adani Green, Adani Enterprises, Adani Energy, Adani Ports shares fall up to 10%. What’s behind the selloff?

Adani Green, Adani Enterprises, Adani Energy, Adani Ports shares fall up to 10%. What’s behind the selloff?

Shares of several major Adani Group companies — Adani Green Energy, Adani Enterprises, Adani Energy and Adani Ports — fell by up to 10% on January 23, 2026, triggering a significant selloff in the market. The decline followed reports that the U.S. Securities and Exchange Commission (SEC) had sought permission from a U.S. court to serve legal summons directly via email to Gautam Adani and Sagar Adani in connection with an alleged $265 million bribery scheme.

According to the report, the SEC explained that previous attempts to serve the summons through official channels in India were rejected on procedural grounds, leading the regulator to seek court approval for direct email notification. The move was seen by investors as a negative regulatory development and contributed to heightened selling pressure across Adani-linked stocks.

The Adani Group has denied the allegations, describing them as baseless, and stated it will pursue all legal remedies. There was no immediate comment from India’s law ministry on the latest SEC filing.

On the market front, Adani Green shares dropped around 10% to a low of ₹823 per share, while Adani Enterprises slid about 8% to ₹1,936. Adani Ports declined roughly 5% to ₹1,343, and Adani Energy slipped about 8% to ₹852.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.