Days after selling its stake in two of Adani group companies, Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday said it has raised stake in the group’s flagship Adani Enterprises Ltd to above 5 per cent.
In a filing to Abu Dhabi stock exchange, IHC said, “This strategic increase reflects IHC’s conviction in the world leading incubation model of AEL.”
Stating it has increased its stake in AEL to above 5 per cent, it said it believes that “the inherent strength of airports, data centres, green hydrogen, and various other verticals being incubated under AEL and that AEL is poised to uniquely capitalise on India’s robust growth journey.”
“IHC continues to explore unique investment opportunities in India with the goal to maximise stakeholders’ return,” it added.
Last week, IHC had stated that as part of a “portfolio rebalancing strategy” it will sell its 1.26 per cent stake in Adani Green Energy Ltd and 1.41 per cent stake in Adani Energy Solutions.
Amit Shah will address the UP BJP state executive meeting in Lucknow as the party…
ISRO will launch the GSLV-F18 rocket carrying NVS-03, the third second-generation NavIC satellite, from Sriharikota…
Prime Minister Narendra Modi will visit Gujarat on Friday to inaugurate and launch development projects…
Delhi Traffic Police has announced revised vehicle entry restrictions under GRAP from November 1, 2026,…
Horoscope Today, 30 October 2026: Curious what the stars have in store? Discover how your…
India’s reverse talent migration can strengthen innovation, productivity and research by connecting overseas experience with…