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

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DUBAI : 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 (BS

DUBAI : International Holding Co has agreed to invest 7.3 billion dirhams in three of Indian conglomerate Adani Group's portfolio companies.

The investment is subject to shareholder and regulatory approvals and will comply with India's securities regulations.

 

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