Adani Group Companies Shares Decline 5%; U.S. SEC to Send Summon Emails to Gautam Adani in Fraud Allegations

The shares of the Adadi Group Companies have drastically decreased by more than 5% on January 23, 2026. The deceleration comes after the U.S. Securities and Exchange Commission has sought permission from a U.S. Court to send summons over personal emails to the conglomerates Gautam Adani and Sagar Adani. The billionaire and his nephew and group executive have been charged over alleged international fraud and $265-million bribery. 

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Adani Group Stocks Performance on January 23, 2026

At 1:40 pm, the Adani Enterprises dropped by 9%, selling stocks at ₹1,901 apiece. This is the lowest trading record of the shares since May 19, 2023. 

The Adani Green Energy shares declined the most among the Adani Group stocks by recording an 11% decrease. It is selling its stocks at ₹828.6 apiece. 

The Adani Ports shares also fell by 4%, selling stocks at ₹Rs 1,353 apiece. Recording the day’s biggest low since November 21, 2024, Adani Energy Solutions shares decreased by 10%. As of January 23, 2026, it is selling stocks at ₹832 apiece. 

At 2:15 pm, the conglomerate's Adani Total Gas and Adani Power shares dropped by 6% each. Its cement shares- ACC, Ambuja Cement and Sanghi Industries- also decreased by 2.5%, 5.5% and 5%, respectively. 

As per reports, the market capitalisation of all the 10 enlisted shares of Adani Group Companies decreased by ₹1.1 lakh crore to record ₹12.45 lakh crore in just a one-day trading session of January 23, 2026. 

What were the Allegations About?

The Adani conglomerates were charged with false and misleading misrepresentation of Adani Green Energy Ltd, thereby breaking US Security laws, by the SEC’s lawsuit in November 2024, as per news reports. The SEC earlier sent two summonses to Gautam Adani and his nephew, Sagar Adani, which were rejected by India. Therefore, the SEC has demanded to send summons over personal emails to the billionaires. Gautam Adani has denied the allegations and will be taking all the legal actions and resources to defend himself.