IHC Raises Stake in Gautam Adani’s Flagship to Just Over 5%

Three IHC units bought 0.06% in Adani Enterprises: filing
IHC last week said it would sell stakes in two Adani firms

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By Sanjai P R

October 3, 2023 at 12:21 PM UTC

Updated on

October 3, 2023 at 2:44 PM UTC

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An Abu Dhabi firm controlled by a key member of the emirate’s royal family increased its shareholding in Gautam Adani’s flagship conglomerate to a little over 5%, days after selling stakes in two other companies owned by the Indian billionaire as part of a portfolio rejig.