Abu Dhabi-based IHC raises stake in Adani Enterprises to over 5%
On October 3, International Holding Company (IHC), based in Abu Dhabi, announced that it had increased its stake in Adani Enterprises Ltd (AEL) to above 5 percent, the flagship company of the Adani Group. This decision came shortly after IHC had divested its stakes in two other Adani Group companies.
In its filing to the Abu Dhabi stock exchange, IHC provided insights into its strategic move, emphasizing its strong belief in AEL’s incubation model, which is renowned as a world-leading approach. IHC expressed confidence in AEL’s potential to harness India’s robust growth trajectory, particularly in key sectors such as airports, data centers, green hydrogen, and various other verticals that are under incubation within AEL.
IHC’s increased stake underscores its commitment to partnering with the Adani Group and its confidence in the long-term success of AEL across various industries. This move reflects the growing interest of international investors in India’s growth story and the opportunities it presents in sustainable infrastructure and other sectors.
This increased stake in AEL signifies IHC’s commitment and confidence in the Adani Group’s flagship company and its potential to thrive in various sectors contributing to India’s growth story.
In addition to increasing its stake in Adani Enterprises Ltd (AEL), International Holding Company (IHC) also mentioned in its filing that it is actively exploring unique investment opportunities in India. The company’s goal is to maximize returns for its stakeholders through strategic investments in the Indian market.
It’s worth noting that IHC recently announced a “portfolio rebalancing strategy” in which it decided to sell its stakes in two other Adani Group companies. Specifically, IHC intended to sell its 1.26 percent stake in Adani Green Energy Ltd and its 1.41 percent stake in Adani Energy Solutions as part of this strategy. This move suggests that IHC is actively managing its portfolio to optimize its investments and align them with its overall investment objectives.
A spokesperson from the Adani Group expressed their delight and appreciation for International Holding Company’s (IHC) decision to increase its investment in Adani Enterprises Ltd (AEL). They viewed this move as a validation of AEL’s global leadership in incubating new businesses, especially in the sustainable infrastructure sector, the development of global aviation infrastructure, and the pursuit of equitable energy transition initiatives.
The spokesperson also emphasized that they see IHC’s increased stake as a strong endorsement of AEL’s robust capital expenditure plans, commitment to governance, and transparency. They consider the relationship between AEL and IHC as an inter-generational partnership that reflects positively on India’s dynamic growth potential and offers significant returns to their stakeholders.
This statement reflects the Adani Group’s enthusiasm for the partnership with IHC and their confidence in the growth and success of AEL in various sectors.
