Adani Group
Indian multinational conglomerate
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| March 2025 | The Indian government initiated proceedings to deliver a U.S. Securities and Exchange Commission (SEC) summons to Gautam Adani regarding the alleged bribery scheme, requiring Adani or his legal representative to appear in the U.S. case. |
| February 2025 | Adani Group paid £4 million to sponsor the green energy wing of London's Science Museum, which drew criticism due to ongoing fraud allegations and the company's coal mining activities. |
| January 13 2025 | Attended the Maha Kumbh Mela in Prayagraj with his family, where the Adani Group collaborated with ISKCON to organize Mahaprasad Seva, providing free meals to devotees during the festival. |
| 2024 |
Adani Cementation was merged with Ambuja Cements in a share swap deal, with Adani Enterprises obtaining 87 lakh shares of Ambuja Cements.
Ambuja Cements board approves merger with Adani Cementation - CNBC TV18
www.cnbctv18.com
Sanghi Industries merger: Prefer Ambuja Cements to ACC, 65% upside possible on Adani stock, says Investec - Sanghi Industries merger: Prefer Ambuja Cements to ACC, 65% upside possible on Adani stock, says Investec BusinessToday
www.businesstoday.in
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| 2024 | Kutch Copper is expected to commence production at its new copper refinery complex in Mundra. |
| 2024 | In response to the bribery charges against Gautam Adani, Kenya canceled over US$2.5 billion related to the takeover of Jomo Kenyatta International Airport and other energy deals, amid concerns about potential breach of contract liabilities. |
| December 30 2024 | Adani Enterprises announced plans to sell its entire 44% stake in Adani Wilmar in a $2 billion deal, with Wilmar International acquiring 31% and the remaining 13% to be sold in the open market. |
| November 21 2024 | Gautam Adani and his associates were charged by a district court in New York for paying bribes exceeding US$250 million to Indian government officials to secure favourable energy contracts, leading to a significant drop in his net worth by $12 billion. |
| November 20 2024 | Adani Group shares fell sharply, with Adani Green Energy dropping 16% after SEC allegations of corporate governance violations. |
| November 20 2024 | A five-count criminal indictment by the U.S. Attorney's Office in Brooklyn, New York, charged Adani and executives with bribery, alleging that Adani paid over $250 million in bribes to Indian government officials to secure contracts in multiple states. |
| October 2024 | Former Kenyan Prime Minister Raila Odinga revealed he was introduced to Adani Group by Narendra Modi, who organized a Kenyan delegation visit to the company's projects. |
| October 25 2024 | Kenyan court suspended a $736 million deal between Kenya Electrical Transmission Company and Adani Energy Solutions. |
| September 2024 | The Kenyan High Court temporarily suspended the airport deal proposal to allow for judicial review, following widespread protests. |
| September 16 2024 | Adani Group and Africa50 were granted a $1.3 billion concession by the Kenyan government to build power transmission lines in a public-private partnership. |
| September 12 2024 | The chief manufacturing officer of Ambuja Cement, an Adani Group subsidiary, was arrested over an alleged bribery attempt. |
| June 2024 | Signed an agreement with Thales Group to locally manufacture 70 mm calibre FZ275 LGR rockets for Indian attack helicopters. |
| June 2024 | Entered a cooperation agreement with EDGE Group (UAE) covering missiles, weapons, unmanned systems, air defence products, and electronic warfare technologies. |
| May 2024 | OCCRP and Financial Times investigation revealed Adani Group fraudulently inflated coal prices by falsifying low-grade coal as high-grade coal when supplying to domestic utility companies. |
| April 2024 | The Indian government under the BJP abstained from a UN vote calling for an arms embargo on Israel, a decision potentially linked to Adani's military exports. |
| March 2024 | United States expanded its probe into Adani Group, focusing on founder Gautam Adani's potential bribery in an energy project investigation by the U.S. Attorney for the Eastern District of New York and Department of Justice Criminal Division's fraud unit. |
| March 2024 | Seven Adani group firms were issued show cause notices by SEBI for alleged violation of related party transactions and listing regulations. |
| February 2024 | Adani supplied 20 Hermes 900 military drones to Israel, expanding their defence export capabilities. |
| February 2024 | Inaugurated two ammunition and missile manufacturing facilities in the Uttar Pradesh Defence Corridor at Kanpur, with a capacity to produce 150 million rounds of small-calibre ammunition. |
| January 2024 | The Supreme Court resolved the Adani Group stocks dispute arising from Hindenburg Research's allegations and dismissed requests for an SIT or CBI investigation. |
| January 3 2024 | Supreme Court ordered SEBI to complete its probe within 90 days, dismissing requests for further investigation. |
| 2023 | Adani Group purchased a team in the Women's Premier League based in Ahmedabad. |
| December 2023 | Adani Group acquired a majority stake in Indo-Asian News Service, with the parent company India TV also being backed by Gautam Adani. |
| November 2023 | Swiss authorities completed freezing a total of $310 million across five different accounts linked to Adani group following money laundering investigations. |
| October 2023 | National Financial Reporting Authority initiated an investigation, reaching out to audit firms examining Adani Group's financial records. |
| September 2023 | SEBI publicly acknowledged the 2014 DRI evidence of potential fund manipulation and diversion when disclosed before the Supreme Court of India. |
| August 2023 | The Organised Crime and Corruption Reporting Project (OCCRP) reported that it had documents proving that the Adani Group used individuals and front companies to manipulate the stock market, specifically regarding Adani stocks, violating Indian securities laws. |
| June 24 2023 | Adani Group's share value significantly dropped after reports of U.S. Department of Justice and SEC investigating the corporation's communications with U.S. investors. |
| May 2023 | Deloitte raised significant corporate governance concerns about payments made by Adani's ports company to Howe Engineering Projects, highlighting potential undisclosed related party transactions. |
| May 19 2023 | A Supreme Court committee communicated inability to conclusively determine regulatory failure regarding stock price manipulation allegations. |
| March 2023 | Adani Group won a controversial bid for the coal block North West of Madheri, with Cavill Mining Private Limited as the only other bidder, raising suspicions of potential bid rigging and collusion in the auction process. |
| February 2023 | The Signpost published an article alleging that the Adani Group was manipulating Wikipedia entries using sock puppet accounts, inserting promotional material and removing or editing critical content. |
| February 1 2023 | Adani cancelled its planned $2.5 billion Follow-on Public Offer (FPO) and announced return of money to investors. |
| February 1 2023 | The Adani Enterprises public offering was cancelled on 1 February 2023, following the adverse effects of the Hindenburg Research report. |
| January 2023 | American short selling activist firm Hindenburg Research accused Adani of stock manipulation and fraud. |
| January 27 2023 | On 27 January 2023, the Adani Enterprises' follow-on public offering opened at 6 pm, amidst the controversy generated by the Hindenburg report. |
| January 26 2023 | Adani Group announced its intention to take legal action against Hindenburg Research in response to the fraud allegations. |
| 2022 | Adani Group acquired the Gulf Giants team in UAE's International League T20 cricket tournament. |
| 2022 | Ravi Nair, a freelance journalist, was allegedly issued an 'arrest warrant' by Delhi police after the Adani Group filed a defamation case against him. |
| 2022 | Reached a market capitalization of Rs. 3,26,635.42 crore. |
| 2022 | Kutch Copper began planning a greenfield copper refinery complex at Mundra with a planned capacity of 1 million tonnes per annum (MTPA). |
| 2022 | AdaniConneX announced plans to build a hyperscale data center in Kolkata's Bengal Silicon Valley tech hub, expanding its data center infrastructure network. |
| 2022 | Time magazine included Gautam Adani in its list of the 100 most influential people in the world. |
| 2022 | In August, Adani was named the 3rd richest person in the world by Fortune. |
| 2022 | In February, Adani became Asia's richest person, surpassing Mukesh Ambani. |
| December 2022 | Adani Digital Labs made the alpha release of the mobile app 'Adani One', which integrated the group's airport vertical. |
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This contents of the box above is based on material from the Wikipedia articles Gautam Adani, Adani Green Energy, Adani Group & Adani Enterprises, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.