Additional investment from Dubai company will strengthen the global identity of our business: Adani Group – Dainik Savera Times
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Ahmedabad: Billionaire Gautam Adani-led Adani Group on Tuesday expressed happiness over Dubai-based IHC’s decision to increase its investment in Adani Enterprises Limited (AEL), saying the investment will support new businesses, especially in sustainable infrastructure development. Reflects Adani Group’s growing recognition of its globally leading role in the region.
A group spokesperson said here on Tuesday that HCL’s move to increase stake in AEL is “in line with our efforts to promote new businesses, especially towards sustainable infrastructure, development of global aviation infrastructure and equitable transition towards clean energy globally.” But further strengthens AEL’s leadership position identity.’
“We view the increased stake by IHC as a strong endorsement of our strong capital expenditure plans, governance and transparency,” the spokesperson said. “This inter-generational relationship with IHC reflects well on India’s dynamic growth potential and provides substantial returns to our stakeholders.”
It is noteworthy that Abu Dhabi-based IHC Capital Holding LLC has increased its stake in Enterprises Limited to above 5%. IHC arm Green Vitality RSC Ltd along with its subsidiaries Green Enterprises Investment Holding RSC Ltd and Green Energy Investment Holding RSC Ltd acquired another 0.06% stake in the Indian company, taking their combined stake in the Ahmedabad-headquartered company, AEL, to 5.04%. Is.
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