Shares of Adani Group companies rebounded sharply by 6% in today’s trade, after Adani Enterprises Ltd clarified that it is not involved in any of the legal proceedings cited in recent media reports. The clarification helped mitigate investor concerns after a steep sell-off last week, which was triggered by reports of potential US regulatory action involving senior members of the group.

Issued on January 24, 2026, the statement followed queries from the Indian bourses after a January 23 news report said a US regulator was exploring alternative ways to serve legal summons to Gautam Adani and his nephew, Sagar Adani.

“In this regard, we request you to please refer to our response dated November 21, 2024 to the clarification sought on the news item appearing in media/publication. There are no allegations made against the Company in, and the Company is not party to, these proceedings,” the exchange filing said.

In the intraday trading hours, Adani Enterprises rose nearly 5%, while Adani Green Energy advanced over 6%. Adani Ports and Special Economic Zone gained 3%, and Adani Total Gas moved up 2%. while Adani Energy Solutions gained 4%.

Why is the Adani Group under the US regulator’s radar?

The latest bout of selling on January 23, 2026, was triggered by media reports that the U.S. SEC has approached a federal court in Brooklyn, New York, seeking permission to issue legal summons to Adani Group Chairman Gautam Adani and his nephew, Sagar Adani. The application was reportedly filed earlier this week before U.S. District Judge Nicholas Garaufis.

According to court filings cited in media reports, the SEC has requested approval to use alternative methods to serve the summons, including direct electronic communication. The regulator said its attempts to serve notices through conventional diplomatic and legal channels had failed, with Indian authorities declining two earlier requests. As a result, the SEC is seeking the court’s permission to proceed with direct service.

The SEC’s civil lawsuit, filed in November 2024, alleges that Gautam Adani and Sagar Adani violated U.S. securities laws by making false and misleading statements related to Adani Green Energy Ltd. The allegations are linked to disclosures made to U.S. investors.

The Adani Group has been under heightened global scrutiny since early 2023, following a short-seller report that raised governance and accounting concerns, triggering investigations by Indian regulators as well as U.S. authorities. While Indian regulatory probes have since been completed or eased, scrutiny from U.S. agencies has continued.