“Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises Limited.” Source – Wiki

Adani Green Energy (AGEL), Adani Transmission (ATL), and Adani Enterprises (AEL), all of which are listed on the Bombay Stock Exchange and the National Stock Exchange in India, have signed a Dhs7.3 billion ($2 billion) investment agreement with Abu Dhabi’s International Holding Company to infuse primary capital into three Adani portfolio companies – Adani Green Energy (AGEL), Adani Transmission (ATL), and Adani Enterprises (AEL).

The deal has been authorized by the boards of AGEL, ATL, and AEL, but it is still subject to shareholder and regulatory approvals and must adhere to the Securities and Exchange Board of India’s (SEBI) standards.

“We are happy to begin this intergenerational connection with IHC,” stated AGEL Executive Director Sagar Adani. We are passionate about our common goal and ideals of investing in sustainable infrastructure, green energy, and energy transformation. This is a historic agreement that kicks off a larger engagement between Adani Group and IHC, with the goal of drawing further investment from the UAE into India.”
The three firms – AGEL, ATL, and AEL – are all part of the Adani Group’s green portfolio and have ESG at their heart.

“We are confident that Adani companies will play a significant role in unleashing India’s total green energy potential, reflecting positively on our shareholders’ commitment.”
“This will be a long-term investment in India because the nation is driving much innovation globally, notably in the green energy industry,” said Syed Basar Shueb, CEO and managing director of IHC.

The FTSE ADX 15 Index (FADX 15), which reflects the top 15 largest and most liquid businesses listed on the Abu Dhabi Securities Exchange, includes IHC (ADX). The company’s total assets reached Dhs87 billion in 2021.
In accordance with SEBI laws, IHC would invest Dhs1.83 billion ($500 million) in AGEL, Dhs1.83 billion ($500 million) in ATL, and Dhs3.67 billion ($1 billion) in AEL. After all relevant permits are secured, the transaction is scheduled to be finalized in a month. The funds will be used to advance the expansion of the separate businesses, improve the balance sheet, and for general corporate reasons.

Thanks for Reading, Always welcome.