Abu Dhabi-based conglomerate International Holding Company PJSC (IHC) will invest $2 billion as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL), through the preferential allotment route. The capital will be utilized for pursuing the growth of the respective businesses, further strengthening of the balance sheet and for general corporate purposes, Adani Enterprises announced in an exchange filing.
This investment is testament to the IHC’s and the Adani Portfolio’s shared vision and commitment of investing in sustainable companies that are leading the charge in energy transition. Adani Enterprises, Adani Transmission and Adani Green Energy informed the stock exchanges that their boards will meet on April 8, 2022, to evaluate the proposal for raising funds.