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Gautam Adani’s Empire Gets $2 Billion from Abu Dhabi’s IHC

  • IHC invests in Adani Enterprises, Green Energy, Transmission
  • Opportunity to earn return on investment in green energy: IHC
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The Abu Dhabi-based International Holding Company PJSC has invested almost $2 billion in three companies owned by Indian billionaire Gautam Adani, as his ports-to-power conglomerate looks to fund its expansion plans.

Adani Enterprises Ltd., the group’s flagship firm, is raising 77 billion rupees ($1.02 billion) by issuing preferential shares to IHC while Adani Green Energy Ltd. and Adani Transmission Ltd. will receive 38.5 billion rupees via the same equity instrument, according to Indian exchange filings Friday. Shares of Adani Transmission advanced 3.7% in Mumbai, Adani Enterprises rose 3.4% and Adani Green jumped 7.2%.