In a major development that sparked a strong rally across the stock market, Adani Group stocks surged up to 14% on Monday after reports emerged of key representatives from Gautam Adani’s team holding talks with officials from the US President Donald Trump administration. The discussions are centered around seeking the dismissal of bribery and fraud charges filed by the US Securities and Exchange Commission (SEC) and the Department of Justice (DoJ).
Adani’s legal and policy teams have intensified discussions in Washington over recent weeks, they are reportedly presenting the argument that the case is linked to alleged payments to Indian officials and misstatements to US investors does not align with the Trump administration’s enforcement priorities. The move is being seen as a proactive effort by the Adani Group to resolve the matter swiftly and regain investor confidence.
Following the news, Adani Total Gas led the rally with a 14% jump, while Adani Enterprises climbed 8.5%. Adani Ports, Adani Power, Adani Green Energy, and Adani Energy Solutions also registered gains between 7% and 10%. Ambuja Cements and ACC saw a more modest rise of up to 3%.
Trump Meeting Sparks Optimism for Resolution
The US bribery case had clouded sentiment around the Adani Group in recent months. The SEC indictment accuses Gautam Adani and his nephew, Sagar Adani, of paying $265 million in bribes between 2020 and 2024 to secure high-value solar power contracts in India and misleading investors during a $750 million bond offering by Adani Green Energy.
However, the reported outreach by the Adani Group to Trump officials is being interpreted by market participants as a sign of potential de-escalation. With talks gaining traction, hopes are rising for a settlement or even dismissal of charges in the coming weeks.
The Adani Group has consistently denied the allegations, terming them baseless and vowing to explore all legal options. As the Trump administration weighs the case’s future, the group’s assertive engagement is seen as a strategic move to protect its global image and restore investor trust, particularly in US markets.
With the Trump team now in the picture, the Adani Group appears to be navigating the storm with a clear strategy signaling strength, transparency, and a renewed focus on global compliance.