Adani Enterprises Enters $275 Million OFAC Settlement Agreement; Share Price Jumps 2% on Tuesday

Indian equity benchmark indices opened marginally higher on Tuesday, with the benchmark Nifty 50 index rising 0.04 per cent to trade at 23,659.75 during the session. Despite mixed broader market sentiment, shares of Adani-enterprises-ltd-112599">Adani Enterprises traded higher after the company informed exchanges about entering into a settlement agreement with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). On Tuesday, Adani Enterprises share price gained 1.72 per cent to Rs 2,736.

Adani Enterprises Enters OFAC Settlement Agreement

Adani Enterprises informed exchanges that the company entered into a settlement agreement dated May 14, 2026 with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). The settlement was officially announced by OFAC through an enforcement release dated May 18, 2026.

According to the filing, Adani Enterprises agreed to pay a settlement amount of USD 275 million to OFAC. The company stated that the amount was mitigated from the maximum statutory penalty of around USD 384.21 million.

The filing further stated that the reduction in penalty was considered on account of factors including

Adani Enterprises not receiving any penalty notice or finding of violation from OFAC during the previous five years, The LPG business contributed less than 1.5 per cent of the company’s consolidated revenue for 2025. Substantial cooperation was provided by the company to OFAC, and Remedial measures and additional compliance commitments were implemented by the company.

About Adani Enterprises

Adani Enterprises is the flagship incubator company of the Adani Group with diversified business interests across airports, roads, data centres, mining services, integrated resource management, green hydrogen and new energy ecosystems. The company plays a key role in developing and scaling infrastructure-focused businesses within the Adani Group.

The company continues to focus on long-term growth opportunities in energy transition, Logistics, transport infrastructure and digital businesses. Adani Enterprises has also been expanding its presence across sectors such as Solar manufacturing, green hydrogen, airports and integrated infrastructure platforms in India and international markets.

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Disclaimer: This article is for informational purposes only and not investment advice.