Abu Dhabi conglomerate to invest US$2 billion in Adani Group’s green portfolio

IHC will invest AED 1.83 billion (US$ 500 million) in AGEL, AED 1.83 billion (US$ 500 million) in ATL and AED 3.67 billion in AEL (US$ 1 billion).

Abu Dhabi conglomerate to invest US$2 billion in Adani Group’s green portfolio
Source: Twitter/@gautamadani
Photo by Jason Blackeye / Unsplash

International Holding Company (IHC), an Abu Dhabi-based conglomerate, announced an agreement with Adani Group, an Indian multinational conglomerate, to invest AED 7.3 billion (US$ 2 billion) as primary capital in three Adani portfolio companies.

The three Adani companies namely Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) are market leaders in their business sectors and span the Adani Group’s green portfolio.