So is Gautam Adani going to sell stake in Adani Power? The company told the truth – Adani denied Abu Dhabi’s taqa 2.5-billion dollar investment in power units
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New Delhi: The Adani Group has denied media reports claiming that the Abu Dhabi-based company is going to invest $2.5 billion in Adani Power. Adani informed the stock exchange about this and issued a denial of the ongoing media reports, clarifying that no talks are going on with Abu Dhabi National Energy Company PJSC (TAQA) for investment. The news going on in the media on behalf of the company has been told wrong.
The company issued a letter and wrote that we want to clarify that we are not in talks with Abu Dhabi’s National Energy Company PJSC (TAQA) regarding investment. There is no such investment in the company. Significantly, there were reports in the media that Abu Dhabi National Energy Company PJSC (TAQA) is going to make a big investment in Adani’s power company Adani Green Energy to double its business in India.
The company issued a letter and wrote that we want to clarify that we are not in talks with Abu Dhabi’s National Energy Company PJSC (TAQA) regarding investment. There is no such investment in the company. Significantly, there were reports in the media that Abu Dhabi National Energy Company PJSC (TAQA) is going to make a big investment in Adani’s power company Adani Green Energy to double its business in India.
Let us tell you that Abu Dhabi’s company TAQA does its business in Europe, West Asia and Africa. This company was started in the year 2005. This company supplies energy in the Arab country. The company invests in power generation, transmission and distribution. Apart from energy, the company is also involved in oil and gas supply.
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