Business

Adani Group firms witnessed a sharp sell-off, wiping out nearly $12.5 billion in market capitalization, after the U.S. Securities and Exchange Commission sought court approval to directly serve summonses in an ongoing investigation. The development reignited investor concerns over regulatory scrutiny and governance risks, leading to heightened volatility across Adani stocks. While the group has reiterated its commitment to compliance, the episode highlights how global legal actions can swiftly impact market sentiment and valuations.