Adani Green Energy Limited has informed the Exchange regarding 'Further update on USA matter'.
ADANIGREEN · price
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On the reaction day the stock moved 7.3 pts more than Nifty 100 and 7.7 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Adani Green Energy has clarified that US regulators (SEC) filed a civil case against its directors Gautam Adani and Sagar Adani in a New York court. The directors plan to file a motion to dismiss by April 30, 2026, arguing the court lacks jurisdiction and the SEC's claims are invalid. The company has repeatedly clarified it is not a party to these proceedings and no charges have been brought against the company itself. Additionally, the directors have not been charged with any bribery or corruption under the US Foreign Corrupt Practices Act. This is the latest update in a series of disclosures the company has been making since November 2024.
The stock is unlikely to see direct impact since the company itself faces no charges. However, any negative developments in the US case could create investor uncertainty given the company's association with the Adani Group.