Abu Dhabi's IHC completes Rs 15,400 cr investment in three Adani companies

International Holding Company PJSC (IHC) of Abu Dhabi on Tuesday completed its Rs 15,400 crore investment transaction in three Adani companies -- Adani Green Energy (AGEL), Adani Transmission (ATL) and flagship, Adani Enterprises (AEL), a statement from Adani said.

IHC has made the Investment via the preferential allotment route. Syed Basar Shueb, CEO and MD of IHC, said, "This strategic expansion of our business aligns with IHC's commitment to broadening and diversifying our investment portfolio. There is no doubt that this transaction will directly and positively  impact India's overarching ambition for long-term plans for clean energy. The deal represents 4.87