One of India’s richest entrepreneurs and Asia’s richest man, entrepreneur, and philanthropist Gautam Adani, who is the founder and the current chairman of the industrial behemoth Adani Group is a first-generation entrepreneur. He heads the group, which consists of 7 publicly listed entities that span over domains like Energy, Ports More
The Adanis’ legal team has earlier indicated it will ask the court to set aside the case by April 30.
Lawyers for Gautam Adani and his nephew Sagar said in a letter to a federal judge in Brooklyn, New York, on Tuesday that they will formally seek to dismiss the case by the end of the month
Speaking on the occasion of Adani Ports and Special Economic Zone (APSEZ) crossing the milestone, chairman Gautam Adani said the group's ports network has expanded into an integrated system of 20 ports across India and international locations, positioning it as a key enabler of trade and logistics flows.
The SEC had filed a lawsuit in November 2024 alleging that Gautam Adani and his nephew, Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd (AGEL).
India’s second-richest person recently tapped Robert Giuffra Jr., to be his lawyer in the SEC’s lawsuit, court filings show. Giuffra is also working on President Donald Trump’s bid to overturn his criminal conviction.
The company emphasized that no allegations have been made against it and that it is not a party to the proceedings in question.
SEC said it 'does not expect service to be completed' through the current route and should be allowed to directly email the summons to the Adani group executive
In the last 18 months, Adani group companies have raised around Rs 15,000 crore from domestic NCD offerings, with close to Rs 3,000 crore coming in from retail investors
The centre of excellence, funded by Adani, has been established under Vidya Pratishthan, the educational institute governed by the Pawar family.
The plant will be commissioned in phases from December 2030 and is expected to generate 20,000–25,000 jobs during construction and about 3,500 in operations
Adani Enterprises' rights issue will open for existing shareholders on November 17. The company has lined up a sizeable capital-expenditure pipeline which is expected to reach Rs 36,000 crore for the full year.
US prosecutors in Brooklyn, New York, indicted Adani in November, accusing India’s second-richest person of fraud and with helping drive a $250 million bribery scheme
The Gautam Adani-led group is in discussion with major entities, including the State Bank of India, HDFC Bank, Singapore’s Temasek Holdings
'What was meant to weaken us has instead strengthened the very core of our foundations,' Adani told shareholders
Adani Group stocks surged as much as 13 percent after Sebi cleared Gautam Adani and top executives of market-manipulation allegations first raised by US short-seller Hindenburg Research. The order revived investor appetite and rekindled hopes of a broader re-rating across group companies
SEBI said that a detailed probe found no violations with respect to related party transactions (RPTs) by the Adani Group firms -- Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone, and Adicorp Enterprises -- along with those against Gautam Adani, and Rajesh Adani among others and hence the proceedings have been disposed without any direction.
On January 24, 2023, US-based short-selling firm Hindenburg Research released a damning report against the Adani Group, alleging stock manipulation, accounting fraud, and the use of offshore tax havens and shell companies to route funds.
At least two women with familial ties to the billionaire founder have taken on leadership roles at Adani Group companies in recent months
The promoters infused funds through conversion into equity of warrants issued in January 2024, with the shares issued to the promoter group at Rs 1,480.75 apiece, a significant premium to the current traded price.
SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention
The comments come even as Israel and Iran agree to a tenuous ceasefire, which will be closely watched by countries across the region and the world.
Adani AGM 2025: The Adani Group has never backed down. Instead, we proved that true leadership is not built in sunshine. It is constructed in the fire of crisis, Gautam Adani said in his address.
'Our capital investment across businesses is set to break all records,' Gautam Adani tells shareholders; Ambuja Cement, Adani Ports lead gains among Adani Group stocks
Adani AGM 2025: Operation Sindoor showed that India values peace, but if someone shows us an eye, we know how to respond in their language, the Adani Group Chairman added
Currently owned by the flagship Adani Enterprises, the firm operates eight airports and will be opening a new terminal on the outskirts of Mumbai in a few months time