US drops Adani criminal charges; group stocks rally up to 3.5%

DOJ dismissed bribery charges against Gautam and Sagar Adani, with the group settling an Iran-LPG sanctions matter for $275M. The resolution lifts a key overhang on Adani Enterprises, Ambuja Cements, ACC and AWL Agri Business — easing fundraising for the conglomerate's retail and consumer arms.

— Source publishedTue, 19 May, 2026, 09:39 IST·First seen Tue, 19 May, 2026, 09:49 IST·Source The Hindu BusinessLine

What happened

Adani Group · US DOJ dropped all criminal charges against Gautam and Sagar Adani; group settled Iran-LPG sanctions case for $275M. Adani stocks rose up to 3.5%,

Key facts

  • 3.5%
  • $275 million
  • ₹2,774.50
  • ₹1,417.70
  • ₹628
  • ₹225
  • ₹1,361.10

Why this matters

The cleared docket reopens M&A and JV conversations that global partners had paused — particularly in cement (Ambuja/ACC bolt-ons) and packaged foods (AWL) — and improves access to offshore debt markets for inorganic plays.