UAE's IHC to invest $2b in Adani Group companies

UAE's IHC to invest $2b in Adani Group companies

FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

International Holding Co has agreed to invest 7.3 billion dirhams ($2 billion) in three of Indian conglomerate Adani Group’s portfolio companies.

It will provide capital to Adani Green Energy Ltd, Adani Transmission Ltd and Adani Enterprises Ltd which all are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India – through the preferential allotment route, it said in a statement.

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