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.
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 sold 58.92 lakh AEL shares to SBI MF at Rs 2,435.6.
Why this matters
Selloff follows recent regulatory wins for the group, including NCLAT clearing Adani's ₹14,535 cr Jaiprakash takeover. The SEC settlement reignites governance scrutiny even as group expansion continues.
Retail-company signals steady at 318 in last 90 days.