IHC invests Rs 3,850 crore in Adani Transmission

Adani Energy Solutions Ltd. | Power Generation/Distribution | Power | BSE: 539254 | NSE: ADANIENSOL

19 May 2022 Evaluate

Abu Dhabi-based global strategic investment company -- International Holding Company PJSC (IHC) has invested Rs 3,850 crore in Adani Transmission. Adani Electricity Mumbai, the distribution arm of Adani Transmission has legally covenanted targets to increase the renewable energy penetration to 60% by FY27 from 3% in FY21. IHC’s investment will support Adani Transmission’s journey.

Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.

Peers

Company Name	CMP
NTPC	326.50
Tata Power	364.00
Adani Power	199.60
Power Grid Corpn.	267.00
Adani Energy Solut.	1343.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.