Adani Group stocks rally: Adani Enterprises, Adani Green in focus after latest US court relief

Adani Group stocks were trading in the green on Tuesday, August 11, 2026, as “a US court has dismissed with prejudice the criminal charges against Adani Group chairman Gautam Adani and his nephew, bringing to an end nearly two years of proceedings in an alleged fraud and bribery case,” news agency PTI reported.

At the time of writing this report, Adani Enterprises shares traded 0.43% higher at ₹3,022.90 apiece on the NSE, while Adani Green Energy was up 0.37% at ₹1,374.10. Adani Energy Solutions was up 0.47%, and Adani Power traded 0.21% higher.

Adani Ports and Special Economic Zone was up 0.18% at ₹1,684 on the NSE.

The US District Court for the Eastern District of New York granted the Justice Department's Rule 48(a) motion to dismiss the indictment against Gautam Adani, Sagar Adani and former Adani Green CEO Vneet Jaain. The counts covered securities-fraud conspiracy, wire fraud conspiracy, and securities fraud.

What does it mean?

A legal case “dismissed with prejudice” means the charges have been dismissed permanently and the same charges generally cannot be brought again against the accused in the same case.

In simple terms: the court has ended the case, and the prosecution cannot simply refile the same charges later.

By contrast, “dismissed without prejudice” means the case is closed for now, but the prosecution may be allowed to bring the charges again.

Key details

The criminal case originated in November 2024, when US prosecutors alleged that Gautam Adani, Sagar Adani, former AGEL Chief Executive Officer Vneet Jaain and others were involved in a conspiracy to pay $250 million in bribes to Indian government officials to secure solar power contracts projected to generate more than $2 billion in after-tax profits over two decades.

Prosecutors also alleged that investors were misled while the group raised more than $3 billion through loans and bond issuances in US markets.

The Adani Group consistently denied the criminal allegations, describing them as baseless and maintaining that it had acted in accordance with applicable laws and regulatory requirements.

The SEC's separate civil action has also been resolved through the final judgment against Gautam Adani, under which he consented to the order without admitting the allegations. The final judgment also requires Adani to pay a USD 6 million civil penalty to the SEC within 30 days.

In dismissing the charges against Adani, Senior Judge Nicholas George Garaufis said he was satisfied that Adani's November 2024 promise to invest $10 billion in the United States did not factor into the Justice Department's decision, and acknowledged that judges' role in reviewing federal prosecutors' decisions to drop charges was limited.

Gautam Adani welcomed the decision "with humility and deep respect for the judicial process."

"Throughout this challenging period, our faith in truth, fairness and the rule of law remained unwavering. My deepest gratitude to those who never lost faith in us, in the system and in India's capacity for justice. We will continue doing what matters: building for our nation, creating value that outlasts us and serving a purpose larger than ourselves. That is our commitment," Adani said in a post on X.

Nicholas George Garaufis is a senior United States district judge of the United States District Court for the Eastern District of New York.

About Adani Group

Adani Group is one of India’s largest diversified business conglomerates, with interests spanning infrastructure, energy, logistics, ports, airports, cement, natural resources and green energy.

Founded by Gautam Adani, the group operates through several listed companies, including Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power, Adani Green Energy, Adani Energy Solutions, Ambuja Cements and ACC.

Its businesses have a significant presence across India’s infrastructure and energy sectors, with the group also expanding its renewable energy and green hydrogen ambitions.