Shocking Adani Group Plunge: $12.5 Billion Market Cap
Shocking Adani Group Plunge: $12.5 Billion Market Cap and now the Adani Group has faced a severe market storm once again. On Friday, January 23, 2026, the conglomerate’s listed firms lost nearly $12.5 billion (₹1.4 lakh crore) in market value. This crash followed news that the US SEC has asked a New York court for permission to serve summonses to Gautam Adani and Sagar Adani via email.
Highlights
Adani Stocks Down 3.4% to 14.54% : Market Bloodbath
Investor confidence shook as the regulatory news broke. Adani Enterprises led the decline among blue chips, falling over 10%. However, Adani Green Energy was the worst performer. Its stock plunged 14.54% following a mix of legal worries and a 99% drop in quarterly net profit.
The sell-off impacted all ten listed group entities:
- Adani Green Energy: Down 14.54% (hit by weak Q3 results).
- Adani Enterprises: Down 10.65% (top Nifty 50 loser).
- Adani Energy Solutions: Down 10.57% (hit lower circuit).
- Adani Ports: Down 7.81% (biggest Sensex loser).
- Ambuja, ACC, and NDTV: Declined between 3% and 6%.
Shocking Adani Group Plunge $12.5 Billion: The “Diplomatic Deadlock” Over Summons
Adani Group Plunge crisis stems from a 14-month struggle by the US SEC to formally notify the Adanis of the charges against them. The SEC told a Brooklyn court that it has failed twice to serve summonses through official Indian channels.
According to the filing, the Indian Ministry of Law and Justice rejected previous requests on procedural grounds. In April 2025, the Ministry cited missing ink signatures and seals. The SEC https://www.sec.gov/ argued that these are not required under the Hague Convention. By December 2025, the Ministry appeared to question the SEC’s authority to use international treaties for this case. Consequently, the SEC now seeks a court nod to serve summonses via email, arguing that the Adanis are clearly aware of the case.
A Pattern of Pressure: From Hindenburg to 2024 Indictment
This is not an isolated event. The group has been under intense scrutiny since the 2023 Hindenburg report. The latest legal move connects back to a November 2024 indictment.
US prosecutors allege that group executives were part of a $265 million bribery scheme. The goal was to secure lucrative solar power contracts from Indian state governments. The SEC claims the group misled US investors by making false statements about their anti-corruption rules while raising over $750 million in bonds. The Adani Group has called these allegations “baseless” and vowed to seek all legal recourse to defend their directors.
Impact on Nifty 50 and the 2026 Union Budget
The Adani sell-off has come at a sensitive time for the broader market. The Nifty 50 fell 1% to settle near 25,000, dragged down by Adani heavyweights and persistent selling by foreign investors (FIIs).
With the 2026 Union Budget scheduled for Sunday, February 1st, the market is already nervous. The Rupee hitting a record low of 91.99 against the Dollar adds to the tension. Analysts suggest that the Adani news has amplified the “pre-budget jitters,” making investors more cautious about high-growth Indian stocks.
Investor Outlook: Navigating Corporate-Specific Risks
For long-term investors aiming for a ₹1 Crore portfolio, this volatility highlights “key-man risk.” When a conglomerate’s value is tied closely to its leadership, legal hurdles can cause massive price swings. Diversification remains the best defense. Using Flexi Cap funds or index-based strategies helps insulate your wealth from such specific corporate storms.
Also Read: https://newshashtag.com/regular-vs-direct-mutual-fund-comparison/
Update: Read our latest analysis on the recent Market Cap Plunge here.”
Prabha Gupta is a veteran journalist and civic thinker dedicated to the constitutional ideals of dignity and institutional ethics. With over thirty years of experience in public communication, her work serves as a bridge between India’s civil society and its democratic institutions. She is a prominent voice on the evolution of Indian citizenship, advocating for a national discourse rooted in integrity and the empowerment of the common citizen
