Gautam AdaniImage Credit source: File Photo
Adani Enterprises, the flagship company of Gautam Adani Group, has received a big investment. This is a news of relief for Adani Group which is facing many problems after the report of Hindenburg Research. International Holding Company (IHC) has increased its stake in Adani Enterprises to more than 5 percent.
A statement from Adani Enterprises said that IHC’s investment shows its confidence in the Adani Group. Adani Enterprises has a strong presence in airports, data centres, green hydrogen and many other sectors. Big companies of the world are expressing their confidence in this unique incubation model which is at the forefront in the world. This underlines the unique contribution of Adani Enterprises in the progress of the country.
Investment increased in Adani Enterprises
As of the end of June, IHC’s stake in Adani Enterprises was 3.53 percent. By the end of September, this share has increased to 4.98 percent. IHC has made this investment in Adani Group through its subsidiary Green Enterprises Investment Holding. Even in the year 2022, IHC had invested a total of more than $ 2 billion in 3 companies of Adani Group.
IHC has also purchased shares of Adani Group through open market. Another of its units, Green Vitality, on Tuesday bought 6,43,134 shares of Adani Enterprises. This is equivalent to 0.1 percent stake in the company. Apart from this, including other investments, the total stake of IHC in Adani Enterprises has become 5.04 percent.
Adani Group will get big help
No exact figure has been given regarding the total investment that has come into Adani Group. Adani Group has been engaged in arranging capital for a long time, so the arrival of this investment is a big relief for it. Adani Group spokesperson said that this will be useful in completing its capital expenditure plans.