When large Indian business groups failed or were constrained - the precedents on record
Facts as of
Adani Group
Profile of the Adani Group: its companies and FY26 figures, policy and regulatory touchpoints by government in office, and the status as of 12 October 2026 of Indian, US and foreign proceedings, with the group's stated responses.
A dossier is a fact file. It records what is on record and who said what; it does not give a verdict. It is not scored and earns or loses no party points. How dossiers are written.
The Adani Group describes itself as a diversified group of listed companies focused on transport and utility infrastructure, with ports, power generation, transmission, renewable energy, gas distribution, airports, cement and media among its businesses [1]. Its own timeline traces it to Adani Exports in 1988 and to the Mundra port from 1994-2001 [2]. Group-reported FY26 figures include capex of about Rs 1.53 lakh crore and EBITDA of about Rs 94,830 crore [4]; Adani Enterprises reported Rs 1,02,943 crore of consolidated total income [3].
This dossier covers three strands. The first is policy touchpoints: port and SEZ growth under successive governments, the 2019-20 airport privatisation, and acquisitions from 2014 to 2023, each dated against the Union government in office. The second is the group’s legal record. Hindenburg Research’s January 2023 allegations were examined by SEBI and the Supreme Court. SEBI’s September 2025 orders found the related-party allegations not established, and two September 2026 settlements closed other proceedings without admission or denial [13][14][15][16]. In the United States, the November 2024 criminal and civil actions ended for the three appearing defendants through a prosecution motion to dismiss and a consent civil judgment on 10 August 2026, while counts against five co-defendants remained under consideration [7][8][10].
The third strand is foreign contracts: Kenya cancelled two agreements, Bangladesh’s review committee recommended arbitration over the Godda agreement, and Adani Green withdrew from Sri Lanka’s wind projects [18][19][20]. Each such event is recorded with the group’s stated position. Political funding data are limited to what media analyses of the electoral-bond data show [22].
Every allegation is labelled with who made it, its current status and the response, and nothing here is a verdict. The notShown section lists what the record cannot establish.
Timeline
In date order. Each item shows what kind of statement it is, who is the actor, and where it comes from.
- EventAdani Group (company timeline)
Group origin: Adani Exports founded in Ahmedabad (the group's own timeline gives the year only). Government in office: centre-1984-rajiv (Rajiv Gandhi) to Dec 1989, then centre-1989-vp-singh.
Source [2]: Adani Group: Our journey (timeline 1978 to 2025) - EventAdani Group (company timeline)
Adani Enterprises lists on BSE and NSE; the group's timeline records a captive jetty approval at Mundra the same year (year only). Government in office: centre-1991-narasimha-rao (P. V. Narasimha Rao).
Source [2]: Adani Group: Our journey (timeline 1978 to 2025) - EventAdani Group (company timeline)
Mundra Port and City Gas Distribution begin commercial operations per the group's timeline (year only). First berths at Mundra had begun operating in 1998. Government in office: centre-1998-vajpayee (Atal Bihari Vajpayee).
Source [2]: Adani Group: Our journey (timeline 1978 to 2025) - EventAdani Group (company timeline)
Mundra container terminal 1 starts operations with rail services per the group's timeline (year only). The date and notification of the Mundra SEZ status were not verified in this research. Government in office: centre-1998-vajpayee (Atal Bihari Vajpayee).
Source [2]: Adani Group: Our journey (timeline 1978 to 2025) - EventAdani Group (company timeline)
Mundra Port and SEZ list on BSE and NSE (year only). Government in office: centre-2004-manmohan-1 (Manmohan Singh).
Source [2]: Adani Group: Our journey (timeline 1978 to 2025) - EventAdani Ports and SEZ
Adani Ports acquires Dhamra Port for Rs 5,500 crore (reported date). Government in office: centre-2009-manmohan-2 (Manmohan Singh); the centre-2014-modi-1 government took office ten days later, on 26 May 2014.
Source [7]: Indictment against Gautam Adani et al. (tertiary summary citing Reuters, NYT, BBC; Adani Group Wikipedia page also read for acquisitions and history) - EventAirports Authority of India / Adani Enterprises
Adani Enterprises is reported to have won bids for six airports (Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, Guwahati) in a per-passenger-fee competitive bidding process (the sources give February 2019 only). Government in office: centre-2014-modi-1 (Narendra Modi).
Source [23]: Centre approves proposal for leasing out Thiruvananthapuram and two other airports (seen in search results, not opened) - EventUnion Cabinet
Union Cabinet approves leasing Ahmedabad, Mangaluru and Lucknow airports to Adani Enterprises (reported as July 2019; day not stated). Concession agreement for these three reported signed 14 February 2020. Government in office: centre-2019-modi-2 (Narendra Modi).
Source [23]: Centre approves proposal for leasing out Thiruvananthapuram and two other airports (seen in search results, not opened) - EventUnion Cabinet
Union Cabinet approves leasing Jaipur, Guwahati and Thiruvananthapuram airports (reported date 19 August 2020). Kerala's state government opposed the lease; the Kerala High Court dismissed the state's petition on 19 October 2020 according to a report. Government in office: centre-2019-modi-2 (Narendra Modi).
Source [23]: Centre approves proposal for leasing out Thiruvananthapuram and two other airports (seen in search results, not opened) - EventAdani Group
Adani group acquires Holcim's India cement businesses (Ambuja Cements and ACC) for 10.5 billion US dollars (reported as May 2022). Government in office: centre-2019-modi-2 (Narendra Modi).
Source [7]: Indictment against Gautam Adani et al. (tertiary summary citing Reuters, NYT, BBC; Adani Group Wikipedia page also read for acquisitions and history) - EventHindenburg Research
Hindenburg Research publishes a report alleging stock manipulation and accounting fraud at Adani Group companies. Government in office: centre-2019-modi-2 (Narendra Modi).
Source [7]: Indictment against Gautam Adani et al. (tertiary summary citing Reuters, NYT, BBC; Adani Group Wikipedia page also read for acquisitions and history) - Official statementAdani Group
Adani Group publishes a 413-page response (including annexures) calling the report a lie and an attack on India, and reserving legal remedies.
Source [17]: Adani responds to Hindenburg report in 413 pages (seen in search results, not opened) - EventSupreme Court of India
Supreme Court constitutes an expert committee headed by retired Justice A. M. Sapre and directs SEBI to continue its investigation (reported as March 2023; the day is as reported by secondary sources and was not checked against the order).
Source [16]: Adani-Hindenburg judgment pronouncement (Vishal Tiwari v. Union of India, 3 January 2024) - FindingSupreme Court of India
Supreme Court (CJI D. Y. Chandrachud, Justices J. B. Pardiwala and Manoj Misra) dismisses petitions seeking a CBI or SIT transfer of the investigation, directs SEBI to complete the remaining two of 24 investigations within three months, and asks SEBI and Union agencies to examine whether the Hindenburg report caused investor losses and whether Indian law was violated (as summarised by Supreme Court Observer; the judgment text was not opened). Government in office: centre-2019-modi-2 (Narendra Modi).
Source [16]: Adani-Hindenburg judgment pronouncement (Vishal Tiwari v. Union of India, 3 January 2024) - EventUS Department of Justice / US SEC
A five-count indictment is unsealed in the US District Court, Eastern District of New York (24-cr-433), naming Gautam Adani, Sagar Adani, Vneet Jaain and others; the SEC files parallel civil actions (24 Civ. 8080 and 8081). Government in office: centre-2024-modi-3 (Narendra Modi).
Source [7]: Indictment against Gautam Adani et al. (tertiary summary citing Reuters, NYT, BBC; Adani Group Wikipedia page also read for acquisitions and history) - Official statementGovernment of Kenya
Kenya's President William Ruto announces cancellation of the JKIA airport expansion and KETRACO transmission agreements with Adani entities, citing information from investigative agencies and partner nations.
Source [19]: President Ruto cancels Adani deals for JKIA upgrade and KETRACO contract (seen in search results, not opened) - Official statementMinistry of External Affairs (centre-2024-modi-3)
India's Ministry of External Affairs spokesperson says the matter involves private firms and the US Department of Justice, that India was not informed in advance and had received no request from the US side.
Source [21]: Not received any request from the US side: MEA on Adani charges (seen in search results, not opened) - EventAdani Green Energy
Adani Green Energy withdraws from wind power projects in Sri Lanka (reported as February 2025), citing delays and a cabinet-appointed committee set up to renegotiate the tariff; the company said it remains open to future opportunities.
Source [20]: Adani withdraws from controversial Sri Lanka wind power project (seen in search results, not opened) - FindingSEBI
SEBI issues two orders in the Hindenburg-linked related-party matter; whole-time member Kamlesh Chandra Varshney finds the allegations in the show cause notices not established and imposes no liability or penalty.
Source [13]: SEBI clears Adani Group in allegation linked to Hindenburg reportSource [25]: SEBI final order in the matter of Hindenburg allegations against Adani Group with respect to transactions with Adicorp Enterprises Pvt Ltd, 18 September 2025 (opened) - FindingNational Review Committee, Bangladesh
Bangladesh's National Review Committee presents findings on the Adani Power Godda supply agreement (report coverage dates the presentation 20 or 25 January 2026), recommending arbitration in Singapore to annul the contract and referring alleged transactions to the Anti-Corruption Commission.
Source [18]: Bangladesh panel finds egregious anomalies in power supply agreement with Adani Group - Official statementUS Department of Justice
US DOJ asks the court to dismiss the indictment against all defendants citing prosecutorial discretion, evidence and jurisdiction issues, the largely foreign conduct and changed enforcement priorities (as summarised in secondary sources). Government in office: centre-2024-modi-3 (Narendra Modi).
Source [7]: Indictment against Gautam Adani et al. (tertiary summary citing Reuters, NYT, BBC; Adani Group Wikipedia page also read for acquisitions and history) - FindingUS District Court, E.D.N.Y.
Judge Nicholas Garaufis dismisses with prejudice the securities-fraud, wire-fraud and related counts (Counts Two, Three, Four) against Gautam Adani, Sagar Adani and Vneet Jaain, calling the process 'highly unusual', and reserves judgment on Counts One and Five against five co-defendants who did not appear. The same day a consent final judgment is entered in the SEC civil case: civil penalties of 6 million dollars (Gautam Adani) and 12 million dollars (Sagar Adani) and a permanent injunction.
Source [8]: SEC v. Adani, final judgment as to Gautam and Sagar Adani, 24 Civ. 8080 (scanned PDF, text not machine-readable; opened, file created 10 August 2026) - FindingUS District Court, E.D.N.Y.
One outlet reports a 14-page order denying without prejudice the DOJ motion to dismiss the remaining FCPA-conspiracy count (and the obstruction count against four of the five co-defendants). Not confirmed by a second source in this research.
Source [12]: US judge rejects DOJ request to drop bribery charges against co-defendants (article body did not load; 3 September order detail from a search-result summary) - FindingSEBI
SEBI adjudicating officer passes a settlement order closing Hindenburg-linked disclosure proceedings against five Adani companies for about Rs 1.508 crore in total, without admission or denial.
Source [15]: Five Adani Group companies settle SEBI cases over Hindenburg-linked issues (seen in search results, not opened) - FindingSEBI
SEBI settlement order disposes of minimum-public-shareholding proceedings against four listed Adani companies on payment of Rs 37.05 lakh each (Rs 1.482 crore in total), without admission or denial.
Source [14]: Four Adani Group companies settle SEBI proceedings over MPS non-compliance
Claims
Findings, official statements, data and events are on record. An allegation is a claim that no finding has established; it is marked with a dashed border, a warning triangle and the words "Not established", and always shows its status and any response.
| Claim | Type | Made by | Status | Response | Source |
|---|---|---|---|---|---|
| Not established by a findingThe Hindenburg Research report of 24 January 2023 alleged stock manipulation and accounting fraud at Adani Group companies, including undisclosed related-party transactions. | Allegation | Hindenburg Research (US short seller, which announced in January 2025 that it was disbanding) | SEBI's orders of 18 September 2025 found the related-party allegations in the show cause notices not established; settlements with five companies on 22 September 2026 closed the disclosure-related proceedings without admission or denial; the Supreme Court on 3 January 2024 declined to transfer the probe. | The Adani Group called the report a lie and a malicious combination of selective misinformation and concealed facts (29 January 2023). After SEBI's orders, Gautam Adani said the Hindenburg claims were baseless. | [17]: Adani responds to Hindenburg report in 413 pages (seen in search results, not opened) |
| The 3 January 2024 judgment held that SEBI could not be shown to have been inactive in a glaring, wilful way, rejected conflict-of-interest allegations against expert committee members, and said third-party reports such as OCCRP's cannot be conclusive proof of an inadequate SEBI probe. | Finding | Supreme Court of India, bench of CJI D. Y. Chandrachud, Justices J. B. Pardiwala and Manoj Misra | Judgment delivered 3 January 2024; judgment text itself not opened, summarised from SC Observer | Not applicable to a court finding. | [16]: Adani-Hindenburg judgment pronouncement (Vishal Tiwari v. Union of India, 3 January 2024) |
| SEBI found that the transactions with Milestone Tradelinks and Rehvar Infrastructure did not constitute related-party dealings under the definition in force in the investigated period, that loans were repaid with interest, and that no fraud or unfair trade practice was established. | Finding | SEBI whole-time member Kamlesh Chandra Varshney (orders of 18 September 2025) | Final orders on the show cause notices. The Adicorp order (SEBI, 18 September 2025, opened) concludes that the allegations in the notice are not established and that no liability arises; the Milestone/Rehvar order is known only from a Scroll.in report; whether any appeal is pending was not verified | Gautam Adani said the orders reaffirmed that the Hindenburg claims were baseless. | [13]: SEBI clears Adani Group in allegation linked to Hindenburg report [25]: SEBI final order in the matter of Hindenburg allegations against Adani Group with respect to transactions with Adicorp Enterprises Pvt Ltd, 18 September 2025 (opened) |
| Not established by a findingA US indictment and SEC complaint alleged that Gautam Adani, Sagar Adani and others agreed to pay or promise more than 250 million dollars in bribes to Indian government officials to obtain solar power supply contracts (projected profit over 2 billion dollars) while raising over 3 billion dollars from US investors. | Allegation | US Department of Justice (E.D.N.Y.) and US Securities and Exchange Commission, November 2024 | Criminal: securities-fraud, wire-fraud and related counts against the three appearing defendants dismissed with prejudice on 10 August 2026 on the DOJ's motion; FCPA-conspiracy and obstruction counts against five non-appearing co-defendants undecided or denied dismissal (see timeline; outcome after 31 August 2026 not verified). Civil: consent judgment 10 August 2026 with civil penalties and injunction. | The Adani Group called the charges baseless and denied them (Nov 2024). On 11 August 2026 Gautam Adani said he accepted the decision with humility and respect for the judicial process. Adani Green Energy said it is not a party to the proceedings and faces no charges. | [7]: Indictment against Gautam Adani et al. (tertiary summary citing Reuters, NYT, BBC; Adani Group Wikipedia page also read for acquisitions and history) |
| In the SEC civil case, Gautam Adani and Sagar Adani consented to civil penalties of 6 million and 12 million dollars and to permanent injunctions against specified provisions of US securities law, reported as without admitting or denying the SEC's allegations. | Finding | US District Court, E.D.N.Y. (consent final judgment entered 10 August 2026, 24 Civ. 8080) | Final judgment entered; payment due within 30 days of entry per company disclosure | Admission/denial language is reported by secondary sources; the scanned judgment PDF could not be read in this research. | [8]: SEC v. Adani, final judgment as to Gautam and Sagar Adani, 24 Civ. 8080 (scanned PDF, text not machine-readable; opened, file created 10 August 2026) |
| Judge Garaufis described the DOJ's dismissal process as highly unusual and, per one report, found that the DOJ's August 11 letter offered no new reasons for dismissing the remaining counts. | Finding | Judge Nicholas G. Garaufis, E.D.N.Y. | As reported; remaining counts status after 3 September 2026 not verified | Not applicable to a court finding. | [10]: US court accepts Trump government proposal to dismiss fraud charges against Gautam Adani but terms it highly unusual (headline only retrieved) |
| Not established by a findingBangladesh's review committee alleged the Godda supply agreement carried egregious anomalies, a price premium (reports vary: about 39.7 percent over the nearest private competitor, or about 50 percent per unit above where it should be) and irregular transactions involving seven or eight individuals. | Allegation | National Review Committee, Bangladesh (interim government), January 2026 | Committee recommendations; whether Bangladesh has filed arbitration was not verified | Adani Power said it had not received the report, that it supplies among the most competitively priced power, and that it continued supply despite large unpaid dues. | [18]: Bangladesh panel finds egregious anomalies in power supply agreement with Adani Group |
| Kenya cancelled the JKIA and KETRACO agreements with Adani entities on 21 November 2024; the Kenyan High Court had earlier blocked or frozen both. | Official statement | President William Ruto, Government of Kenya | Cancelled | A specific Adani Group response to the cancellation was not retrieved in this research. | [19]: President Ruto cancels Adani deals for JKIA upgrade and KETRACO contract (seen in search results, not opened) |
| Not established by a findingOCCRP reporting in August 2023 alleged that hundreds of millions of dollars were routed into Adani-listed stocks through Mauritius-based funds linked to the promoter family; a May 2024 OCCRP and Financial Times report alleged coal price inflation. | Allegation | OCCRP (and the Financial Times for the 2024 report) | Not established by a finding in the sources reviewed; the Supreme Court said such third-party reports are not conclusive proof of SEBI inadequacy | The group's statements on these reports were not retrieved in this research; it rejected the Hindenburg allegations (above). | [7]: Indictment against Gautam Adani et al. (tertiary summary citing Reuters, NYT, BBC; Adani Group Wikipedia page also read for acquisitions and history) |
| Four companies described as 'linked to the Adani Group' (ABC India Ltd and three Welspun Group subsidiaries) bought electoral bonds worth Rs 55.4 crore between April 2019 and November 2023; about Rs 42.4 crore was encashed by the BJP. | Data | Newslaundry analysis of SBI data released by the Election Commission, March 2024 | The link runs through Welspun's 35 percent stake in Adani Welspun Exploration (Adani Enterprises holds 65 percent) and a 1.2 percent Adani Properties stake in ABC India; Welspun is a separate group. No purchase by Adani Group parent companies was identified in the sources reviewed. | No statement from the Adani Group or from the Welspun Group on this classification was retrieved (no response found). | [22]: Firms linked to Adani Group bought electoral bonds worth Rs 55.4 cr, BJP encashed Rs 42.4 cr (seen in search results, not opened) |
What the claim types mean
- Finding
- A court, regulator or statutory body's recorded finding or order. The order or judgment is cited.
- Official statement
- What a government, ministry, constitutional body or company officially said or filed.
- Allegation
- A claim by a party, petitioner, journalist, NGO or analyst that has not been established by a finding. Its current status and the named party’s response are always stated.
- Data
- A measured figure from an official or audited source, with its period and unit.
- Event
- A dated, uncontested occurrence, such as a notification issued, a bill passed or an arrest made.
Positions
Who says what, paraphrased with attribution. Every holder gets a card of the same size and the same fields.
Adani Group
Rejects the Hindenburg and US allegations as baseless; says SEBI's September 2025 orders confirmed this; Adani Green says it is not a party to the US proceedings.
Source [17]: Adani responds to Hindenburg report in 413 pages (seen in search results, not opened)Union government (Ministry of External Affairs, centre-2024-modi-3)
On 29 November 2024 called the US matter a legal matter involving private firms and the US Department of Justice, said India was not informed in advance and had received no request from the US.
Source [21]: Not received any request from the US side: MEA on Adani charges (seen in search results, not opened)Union government (Minister of State Rao Inderjit Singh, written Lok Sabha reply, 2023)
Said the Supreme Court was seized of the Hindenburg matter and had constituted an expert committee (as reported).
Source [24]: Congress holds government responsible for impasse in Parliament (seen in search results, not opened)Indian National Congress (Rahul Gandhi, Mallikarjun Kharge)
Demanded a Joint Parliamentary Committee probe into the Adani allegations in 2023 and again in September 2023 after the OCCRP report, and alleged government favour to the group; the government objected to what it called insinuation against the Prime Minister.
Source [24]: Congress holds government responsible for impasse in Parliament (seen in search results, not opened)Bharatiya Janata Party leaders (as reported)
Said SEBI and the courts should be allowed to complete their work and described the opposition's linkage of the group to the Prime Minister as a political attack.
Source [24]: Congress holds government responsible for impasse in Parliament (seen in search results, not opened)Kerala government (all-party meet, 2020)
Opposed the lease of Thiruvananthapuram airport to Adani Enterprises; the Civil Aviation Minister said Adani's bid was 19.64 percent above the state agency's, outside the 10 percent matching window.
Source [23]: Centre approves proposal for leasing out Thiruvananthapuram and two other airports (seen in search results, not opened)
Data tables
| Indicator | Value | Period | Basis |
|---|---|---|---|
| Adani Enterprises consolidated total income | Rs 1,02,943 crore (up 3 percent) | FY2025-26 | Company results release, 30 April 2026 |
| Adani Enterprises consolidated EBITDA | Rs 16,464 crore (down 2 percent) | FY2025-26 | Company results release |
| Group capex | Rs 1,529.7 billion (about 16.1 billion dollars) | FY2025-26 | Group figure as reported by MarketScreener |
| Group EBITDA | Rs 948.3 billion (about 10 billion dollars), up 5.6 percent | FY2025-26 | Group figure as reported |
| Net debt to EBITDA | 3.3 times (group guidance ceiling 3.5 times) | March 2026 | Group figure as reported |
| Exchequer contribution | Rs 74,945 crore (up 29 percent from Rs 58,104 crore) | FY2024-25 | Group release (seen in search results, not opened); latest found |
| Combined market capitalisation | Close to Rs 20 lakh crore | Late May 2026 | Media report (seen in search results, not opened) |
| Employees | 48,000+ | Undated | Group website |
| Forum | Matter | Status |
|---|---|---|
| US District Court, E.D.N.Y. (criminal) | Counts Two to Four against three appearing defendants | Dismissed with prejudice 10 August 2026 |
| US District Court, E.D.N.Y. (criminal) | Counts One and Five against five non-appearing co-defendants | Dismissal request not granted as of 3 September 2026 per one outlet; later status not verified |
| US District Court, E.D.N.Y. (SEC civil) | SEC v. Adani et al., 24 Civ. 8080 | Consent final judgment 10 August 2026: penalties 6 and 12 million dollars, permanent injunction |
| SEBI | Hindenburg-linked related-party matter (Adani Ports, Adani Power, Adani Enterprises, individuals) | Allegations not established, orders of 18 September 2025 |
| SEBI | Hindenburg-linked disclosure matters (five companies) | Settled, order 22 September 2026, about Rs 1.508 crore |
| SEBI | Minimum public shareholding (four companies) | Settled, order 28 September 2026, Rs 1.482 crore |
| Supreme Court of India | Vishal Tiwari and connected petitions | Judgment 3 January 2024; later developments not verified |
| Bangladesh | Godda supply agreement review | Committee report January 2026; government action not verified |
| Kenya | JKIA and KETRACO agreements | Cancelled 21 November 2024 |
| Sri Lanka | Mannar and Pooneryn wind projects | Adani Green withdrew February 2025 |
What these facts do not show
- Parity note: this dossier and the Reliance Group dossier use the same sections; the Adani file carries more proceedings because more were found, and the count of items is not a measure of either group. Whether the US allegations or the Hindenburg allegations are true or untrue: the US criminal counts against the three appearing defendants were dismissed on the prosecutors' motion, not tried, and the SEC judgment was by consent.
- Whether the dismissal of the US counts or the SEBI settlements reflect any view on the merits. The court's and SEBI's stated reasons are the only evidence reviewed.
- Any causal link between donations, political relationships and policy or contract decisions. Electoral-bond and trust data show purchases and encashments only; no Adani Group parent-company purchase was identified, and the 'Adani-linked' bond buyers are classified by a media outlet through minority joint-venture stakes.
- What happens to the remaining US counts after 31 August 2026, whether any SEBI order is under appeal, and whether Bangladesh will pursue arbitration: no later source was found.
- Group-wide audited revenue, FY26 tax paid, loan growth by lender and promoter shareholding; the lender exposure and loan-growth question requires RBI or filing data not retrieved here.
- The effect of removing or restricting the group on ports, power, airports or lenders; only the documented exposure figures above are available, and no precedent analysis was performed.
- The decision-by-decision record of the 2019 airport privatisation: reports of Finance Ministry and NITI Aayog objections were seen but not verified against official records.
Sources
Numbers in square brackets refer to this list. Types: primary, official data and court sources are weighed above media and academic ones.
- Adani Group: About usAdani GroupPrimary
- Adani Group: Our journey (timeline 1978 to 2025)Adani GroupPrimary
- Adani Enterprises announces Q4 and FY26 resultsAdani Enterprises LtdPrimary
- India's Adani Group posts record 16bn dollar capex in FY26MarketScreenerMedia
- SEC v. Adani, final judgment as to Gautam and Sagar Adani, 24 Civ. 8080 (scanned PDF, text not machine-readable; opened, file created 10 August 2026)US Securities and Exchange Commission / E.D.N.Y.Court
- Top 10 international anti-corruption developments for August 2026Morrison FoersterMedia
- Adani-Hindenburg judgment pronouncement (Vishal Tiwari v. Union of India, 3 January 2024)Supreme Court ObserverMedia
- SEBI final order in the matter of Hindenburg allegations against Adani Group with respect to transactions with Adicorp Enterprises Pvt Ltd, 18 September 2025 (opened)Securities and Exchange Board of IndiaPrimary
Facts as of . Last reviewed .Report an error.
Printed from https://indiareview.pages.dev/dossiers/adani-group/. Facts as of 12 Oct 2026; check the sources for later developments.