July 13, 2025 07:04 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Canada is not your playground': Khalistani terrorist Gurpatwant Singh Pannun's threat to Kapil Sharma | 'Don't jump into conclusions, wait for final report of Air India crash probe': Civil Aviation Minister | IIM Calcutta student alleges rape at boys' hostel amid uproar over Kasba incident | Preliminary investigation report shows both engines of crashed Air India flight shut down seconds after take-off | Pardon by Yemeni national's family is only hope for Indian nurse Nimisha Priya: Activist | S Jaishankar likely to visit China this weekend for the first time in 5 years: Report | 'Show me one photo of Indian damage': Ajit Doval slams foreign media over Op Sindoor reportage | Tennis player Radhika Yadav was shot four times by her father: Autopsy report | Pakistani actress Humaira Asghar, whose decomposed body was recovered from Karachi flat, died 9 months ago: Report | Radhika Yadav's death: Father spent 2.5 crore on tennis
Adani Group

Abu Dhabi-based IHC to invest $2 billion in 3 Adani companies

| @indiablooms | Apr 09, 2022, at 07:50 am

Mumbai: Abu Dhabi’s International Holding Company PJSC (IHC) will invest $2 billion as primary capital in three Adani portfolio companies.

The three companies include – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL), the Indian conglomerate said in a release Friday.

IHC will invest Rs 3,850 crore in AGEL, Rs 3,850 crore in ATL and Rs 7,700 crore in AEL.

The transactions are expected to be completed in a month post the necessary approvals.

The investment will happen through the preferential allotment route.

The funds will be utilised in pursuing the growth of the respective businesses, further strengthening of the balance sheet and for general corporate purposes.

International Holding Company PJSC is engaged in investing, trading, processing, and packing seafood products in the Middle East, Europe, and the Americas.

IHC is helmed by Sheikh Tahnoun bin Zayed Al Nahyan, who is the chairman of the company and the national security adviser of UAE, and brother of the country’s crown prince Mohamed bin Zayed bin Sultan Al Nahyan.

“Earlier today, the boards of AGEL, ATL and AEL met and approved the transaction. The investment is subject to shareholder and regulatory approvals and shall comply with SEBI regulations,” the statement said.

"This will be a long-term investment in India as the country is driving much innovation globally, including the green energy sector. The opportunity to earn a compelling return on investment in green energy has never been greater. We are confident that Adani companies will play a significant role in unleashing India's total green energy potential, reflecting positively on our shareholders' commitment,” said Syed Basar Shueb, CEO and Managing Director of IHC.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu