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Abu Dhabi conglomerate pours $2bn into India’s Adani

The capital will be utilised for business growth in divisions which are directly involved in data centre rollouts across the South Asian nation.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

April 12, 2022 | 12:52 AM BST

Abu Dhabi conglomerate pours $2bn into India’s Adani

Syed Basar Shueb, CEO and Managing Director of IHC. Source: IHC

International Holding Company PJSC (IHC), the Abu Dhabi based conglomerate, will invest US$2 billion as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) – which are all listed on Bombay Stock Exchange (BSE) and National stock Exchange (NSE) in India, through the preferential allotment route.

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