Adani Enterprises Ltd.

International Holding Company PJSC (IHC), the Abu Dhabi based conglomerate is all set to invest $2 billion as primary capital in three Adani portfolio companies -- Adani Green Energy (AGEL), Adani Transmission (ATL) and Adani Enterprises (AEL) - which are all listed on Bombay Stock Exchange (BSE) and National stock Exchange (NSE) in India, through the preferential allotment route. IHC and Adani portfolio are committed to growing the business partnership across multiple strategic opportunities in India, the Middle East and Africa.

The boards of AGEL, ATL and AEL met and approved the transaction on April 8, 2022. The investment is subject to shareholder and regulatory approvals and shall comply with SEBI regulations.

Adani Group is an Indian multinational conglomerate with the flagship company Adani Enterprises. Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.