Adani Group Stocks: There is good news for Adani Enterprises, the flagship company of Gautam Adani’s Adani Group. Abu Dhabi’s International Holding Company, which is involved in various businesses, has increased its stake in Adani Enterprises of Adani Group to more than five percent.
In a regulatory filing at the Abu Dhabi Stock Exchange, the International Holding Company said that Adani Enterprises is expanding its business in different sectors. In such a situation, it shows the strong confidence of the international holding company in the world’s leading incubation model under strategic growth. International Holding Company said that it has increased its stake in Adani Enterprises to more than five percent.
International Holding Company says that there is a lot of potential for development in airports, data centers, green hydrogen and other verticals being developed under Adani Enterprises. Adani Enterprises is poised to take full advantage of India’s strong growth journey. The international holding company said IHC continues to explore investment opportunities in India with the goal of maximizing returns for shareholders. Earlier, after the market closed, the stock of Adani Enterprises fell by 1.10 percent and closed at Rs 2387.25.
Last week, International Holding Company had decided to sell its stake in two companies of Adani Group, Adani Green Energy and Adani Energy Solutions. IHC had more than one percent stake in both the Adani Group companies. The value of International Holding Company’s holding in both the companies was Rs 3327 crore. IHC Green Energy Investment Holding RSC held 1.26 percent stake in Adani Green Energy and Green Transmission Investment Holding RSC held 1.41 percent stake in Adani Energy Solutions as of June 30. .
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