GAUTAM ADANI, will Sheikh save Adani’s reputation, Gautam Adani camped with the team in Abu Dhabi, know what is the matter – after hindenburg crisis gautam adani reaches out to abu dhabi inc for investment
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Adani’s team in Abu Dhabi
His entire team including Gautam Adani is in Abu Dhabi. She is approaching companies to get investment. Adani’s team is talking to companies in Abu Dhabi to raise funds. While Adani is busy raising funds, investor companies are keeping an eye on Adani Port and Adani’s cement business. It is believed that Abu Dhabi companies can invest to acquire some stake in these companies of Adani Group. The Adani group has been in talks with Abu Dhabi’s International Holding Corp (IHC) for the last one week. Talks are on with IHC for capital infusion into Adani Enterprises or another group company.
Adani’s team in Abu Dhabi for funds
According to the report of Economic Times, Adani Group is in Abu Dhabi for the last one week. Apart from International Holding Corp (IHC), talks are on for capital infusion with several other large companies and investment firms. However, till now it has not been finalized as to who will invest, how much will be invested. If sources are to be believed, the investment could be around $1 to 1.5 billion. According to the report, no success has been achieved so far.
Gautam Adani himself took charge
The round of meetings continues in Abu Dhabi. However, no transaction has taken place yet. Now these meetings can be considered at the preliminary level. Gautam Adani himself is commanding it. For the past one week, senior group officials, including the company’s chairman Gautam Adani, group CFO Jugeshinder Singh, are present there. Abu Dhabi Investment Authority (ADIA) and other Sovereign Wealth Funds (SWFs) have also met. According to the report, investors have shown interest in Adani’s assets such as Mumbai International Airport, Cement Business and Adani Port & SEZ.
IHC gave life earlier also
Let us tell you that Abu Dhabi’s company IHC has been a life-giving company for Adani in the past as well. The company invested 3600 crores in Adani’s FPO at that time, when only 3% subscription was done. However, later Adani group withdrew its FPO. Earlier in the year 2022, IHC had invested $ 2 billion in three Adani Group companies. The company has always shown confidence in the Adani Group. This Abu Dhabi-based company is headed by Sheikh Tahnoon bin Zayed Al Nahyan. Adani group is hopeful that they will get good investment in Abu Dhabi.
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