 "Adani group, adani enterprises")
Abu Dhabi-based International Holding Company PJSC (IHC) is set to invest Rs 15,400 crore ($2 billion) in three Adani portfolio companies — Adani Green Energy (AGEL), Adani Transmission (ATL) and Adani Enterprises (AEL). The investment will happen through the preferential allotment route.
The boards of the three Adani firms met and approved the transaction on Friday. The deals will be subject to shareholder and regulatory approvals.
Adani Enterprises is set to receive a Rs 7,700-crore investment while AGEL and ATL will receive Rs 3,850 crore each, in compliance with Securities and Exchange Board of India (Sebi) regulations.
“We are delighted to commence this
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