Adani Group's market capitalization has dropped significantly, resulting in a loss of Rs 2.2 lakh crore. This decline is a direct consequence of serious bribery allegations made by US prosecutors.

Gautam Adani, along with other executives, including his nephew Sagar R. Adani, is accused of orchestrating a scheme to pay bribes totaling over $250 million to Indian officials in order to secure solar energy contracts. The US Attorney for the Eastern District of New York, Breon Peace, has stated that these actions were concealed while the group raised $1.36 billion from American investors between 2020 and 2023, which is a violation of federal laws. It is worth noting that Adani managed to raise an additional $600 million through green dollar bonds from US investors just before the allegations emerged.

The repercussions of these allegations have been significant, with several listed firms under the Adani Group experiencing declines in their stock prices. Adani Ports, Adani Energy Solutions, Adani Green Energy, Adani Enterprises, Adani Total Gas, and Ambuja Cements have all seen their shares drop by up to 20%. Other firms, such as Adani Power and ACC, have also experienced declines of 14% and 12% respectively, while Adani Wilmar and NDTV have fallen by 10% each. As a result, the group's market capitalization has decreased by nearly Rs 7.5 lakh crore from its recent 52-week high.