Adani stocks slide up to 5% after SEC settlement; GQG offloads ₹1,435 cr AEL stake to SBI MF
Gautam and Sagar Adani consented to SEC civil penalties of $6M and $12M, triggering a selloff across group stocks. Adani Power fell 4.72% to ₹213.95, Adani Green slid 2.28% to ₹1,382, and AEL eased 1.05% to ₹2,684.50. GQG Partners sold 58.92 lakh AEL shares at ₹2,435.6 to SBI MF.
What happened
Adani Enterprises · Adani group stocks fell up to 5% after Gautam and Sagar Adani consented to a US SEC civil judgment with $6M and $12M penalties. GQG Partners
Key facts
- $6M penalty Gautam Adani
- $12M penalty Sagar Adani
- AEL -1.05% to Rs 2,684.50
- Adani Power -4.72% to Rs 213.95
- Adani Green -2.28% to Rs 1,382
- GQG sold 58.92 lakh AEL shares at Rs 2,435.6
- promoter holding 62.43% in Adani Green
Why this matters
The $18M combined SEC penalty and visible FII unwind weaken the group's negotiating leverage on near-term capital raises and M&A, opening windows for competitors to pursue assets or partnerships Adani may need to monetize.