Abu Dhabi-based firm IHC to invest $400 mn in Adani Enterprises FPO

IHC subscribed to 16 per cent of Adani Enterprises worth USD 2.5 billion FPO

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BS Web Team New Delhi
Abu Dhabi-based conglomerate International Holding Company (IHC) announced on Monday that it would be investing AED (United Arab Emirates dirham) 1.4 billion (USD 400 million) into the Adani Enterprises’ Further Public Offering (FPO).
 
The company said in a statement that its first investment of the year comes as it continues to scale and diversify its investments locally and internationally, focusing on Europe, Africa, Asia and South America markets in 2023. 
 
Sayed Basar Shueb, Chief Executive Officer, IHC said, “Our interest in Adani Group is driven by our confidence and belief in the fundamentals of Adani Enterprises limited; we see a

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First Published: Jan 30 2023 | 5:22 PM IST

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