Adani Enterprises, Green Energy, and Transmission are among the companies in which IHC invests. Opportunity to get a return on green energy investment: IHC
As his ports-to-power conglomerate tries to fund its development plans, Abu Dhabi-based International Holding Company PJSC has committed nearly $2 billion to three companies held by Indian billionaire Gautam Adani.
According to Indian exchange filings Friday, Adani Enterprises Ltd., the group’s flagship firm, is raising 77 billion rupees ($1.02 billion) by issuing preferential shares to IHC, while Adani Green Energy Ltd. and Adani Transmission Ltd. will receive 38.5 billion rupees via the same equity instrument. In intraday trading in Mumbai, shares of Adani Transmission gained as much as 5.6 per cent, Adani Enterprises increased as much as 3.3 per cent, and Adani Green rose the most, 8.5 per cent.
