Adani Enterprises Ltd.

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IHC invests Rs 15,400 crore in Adani portfolio companies

Date: 17-05-2022

Abu Dhabi-based global strategic investment company -- International Holding Company PJSC (IHC), has completed Rs 15,400 crore (USD 2 billion) investment transaction in the Adani Portfolio companies -- Adani Green Energy (AGEL), Adani Transmission (ATL) and Adani Enterprises (AEL).

IHC has provided capital to Adani Green Energy, Adani Transmission, and Adani Enterprises, which are all listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India - through the preferential allotment route.

IHC investment in Adani Group represents 4.87% of the total trade between the UAE and India. IHC’s partnership with Adani will generate 9% of India's non-fossil energy capacity by 2030. Adani AGEL to develop and operate a renewable energy generation capacity of 25 GW by 2025 and 45 GW by 2030.

Adani Enterprises (AEL) is the incubation arm of Adani Portfolio. Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal min ing, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.