IHC invests $2bn into Adani Portfolio companies for clean energy ...United Arab Emirates

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IHC invests $2bn into Adani Portfolio companies for clean energy
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 18
International Holding Company (IHC) has announced the completion of a $2bn investment transaction in the Adani Portfolio companies – Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL), and Adani Enterprises Limited (AEL). As part of the agreement, IHC provided capital to AGEL, ATL and AEL, which are all listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India – through the preferential allotment route. On the deal, CEO and Managing Director Syed Basar Shueb said this strategic expansion aligns with IHC’s commitment to broadening and diversifying its investment portfolio. “There is no doubt that this transaction will directly and positively impact

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