Abu Dhabi’s IHC completes Rs 154 billion investment in three Adani companies

International Holding Company PJSC (IHC) of Abu Dhabi has completed a Rs 154 billion investment transaction in three Adani companies — Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL) and Adani Enterprises Limited (AEL).

IHC has invested Rs 38.50 billion each in AGEL and ATL, and Rs 77 billion in AEL. IHC has made the investment via the preferential allotment route.The deal represents 4.87 per cent of the total trade between the UAE and India, which has reached USD41 billion between 2020 and 2021.IHC’s investment will support and accelerate Adani Group’s growth plan to supply the country with 45 GW (9 per cent of India’s non-fossil energy) by 2030