Adani Ent stock up as Abu Dhabi-based IHC raises stake to above 5%
IHC says strength of AEL’s airports, data centres, green hydrogen, and other verticals will help it capitalise on India’s robust growth journey
IHC says strength of AEL’s airports, data centres, green hydrogen, and other verticals will help it capitalise on India’s robust growth journey
IHC, through its subsidiaries, holds a 1.26% stake in Adani Green Energy and 1.41% in Adani Energy Solutions, valued at around ₹3,327 crore based on Thursday’s closing prices.
The major investment comes amid allegations by U.S.-based short seller Hindenburg against the Adani group; FPO, which has received a tepid response so far, was subscribed just 3% by Monday.
IHC will invest ₹3,850 crore in Adani Green Energy, ₹3,850 crore in Adani Transmission and ₹7,700 crore in Adani Enterprises.