Adani stocks rally as US drops DOJ probe, settles SEC and OFAC cases on group executives
DOJ closed criminal charges while SEC fined Gautam Adani $6M and Sagar Adani $12M; AEL paid $275M to OFAC. Shares of AEL and Adani Green rose 1.81%, with Ports, Power, Energy Solutions and Total Gas also climbing — easing the overseas fundraising overhang on the group's retail-adjacent infrastructure arms.
US DOJ dropped criminal charges and SEC/OFAC settled cases against Adani executives, with AEL paying $275M to OFAC. Adani stocks rallied, easing overseas fundraising overhang for the conglomerate's retail and infrastructure arms.
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- The Hindu BusinessLine — 3h after first sighting