Abu Dhabi’s International Holding Company (IHC) affirmed its commitment to investments in the Adani Group on Thursday, despite recent US indictments involving some officials of the conglomerate. IHC, which manages assets worth $100 billion, expressed confidence in Adani’s contributions to green energy and sustainability.
“Our outlook on these investments remains unchanged,” IHC stated, highlighting ongoing evaluations of developments. The fund previously invested $500 million each in Adani Green Energy and Adani Transmission and $1 billion in Adani Enterprises in April 2022.
Global Partnerships of Adani Group Remain Strong
The Sri Lanka Ports Authority also reaffirmed its partnership with Adani Group. The Colombo terminal project, with a $1 billion investment, marks Sri Lanka’s largest foreign direct investment in its port sector.
Tanzania echoed similar sentiments, stating that its agreements with Adani Ports comply fully with local laws. Tanzanian authorities confirmed there are no concerns over ongoing projects.
Investors Back Adani’s Long-Term Potential
Top investors doubled down on Adani stocks despite market turbulence. GQG Partners noted, “These businesses operate critical, government-regulated infrastructure with long-term contractual revenues. Fundamentals remain strong.”
Madhusudan Kela, a prominent investor, praised Gautam Adani’s leadership and the group’s resilience. “They built unique businesses. This saga will pass, just as they overcame the Hindenburg report. I have increased my investments,” Kela said.
Adani Group continues to attract investor confidence as stakeholders focus on its long-term growth and robust infrastructure ventures.
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