Who is Sagar Adani?

Sagar Adani, son of Rajesh Adani and nephew of Gautam Adani, is the Executive Director of Adani Green Energy Ltd. 

Educational Background 

He graduated in Economics from Brown University, USA, in 2015. 

Role in Adani Group 

Since joining the Adani Group in 2015, Sagar has been instrumental in building the company's solar and wind energy portfolio. 

Recent Legal Issues 

In November 2024, Sagar Adani was indicted by U.S. prosecutors for allegedly participating in a $265 million bribery scheme to secure solar-power contracts in India. 

Impact on Adani Group 

Following the indictment, Adani Group's stocks experienced significant declines, with Adani Green Energy Ltd. halting a planned $600 million bond issue. 

Adani Group's Response 

The Adani Group has denied the allegations, labeling them as "baseless," and emphasized its commitment to governance and compliance standards.  

Future Outlook 

The legal proceedings are ongoing, and the outcome will significantly influence both Sagar Adani's career and the Adani Group's operations