New Delhi: This is a difficult phase for the Adani Group. The Hindenburg report regarding Gautam Adani’s companies came to the fore, after which Adani Group’s shares have seen a huge fall. Shares are falling continuously. The market cap of the company is falling. There has been a decline in the net birth of Gautam Adani himself. The news of relief has come for Gautam Adani surrounded by questions. The trust of his investors seems to be re-established in him. His big investors are reposing faith in Gautam Adani. At the same time, Adani Enterprises’ Follow on Public Offer ie FPO has also got a big bid.
Singapore investor Temasek Holdings Pte Ltd has said it will retain its investment in Adani Ports and Special Economic Zone. At the same time, UAE’s company International Holding Company (IHC) has made a big bid in Adani’s FPO. IHC has announced that it will invest in the FPO of Adani Enterprises through its subsidiary Green Transmission Investment Holding RHC. Let us tell you that IHC is among the companies with the highest market cap in Abu Dhabi. Now this company has shown great confidence by bidding in Adani’s FPO. IHC has previously invested in the Adani group as well. Last year, the company had invested in Adani Green.
The company said that they have full faith in Adani Enterprises. The company’s CEO Syed Basar Shuaib said that there is full potential for growth in the long term. At the same time, Singaporean investor Temasek Holdings Private Limited has said that it will continue its investment in the Adani Group company. In December 2022, Temasek invested 14 million Singapore dollars in Adani Porters. In return, it acquired a 1.2 per cent stake.
