Business

Global Investors Reaffirm Confidence In Adani Group Despite US Indictments

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.

Also Read: Indian Stock Market Opens Flat With Real Estate Sector Leading Early Gains

Ajaypal Choudhary

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

11 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

12 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

12 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

13 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

13 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

13 hours ago