{"id":79896,"date":"2023-10-05T01:00:16","date_gmt":"2023-10-05T01:00:16","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/"},"modified":"2023-10-05T01:00:16","modified_gmt":"2023-10-05T01:00:16","slug":"ihc-increases-its-stake-in-indias-adani-enterprises","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/","title":{"rendered":"IHC increases its stake in India\u2019s Adani Enterprises"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>After dumping Adani Green + Adani Energy, <\/strong><strong>IHC ups stake in Adani Enterprises:<\/strong> Abu Dhabi's <a href=\"https:\/\/www.ihcuae.com\/\">International Holding Company<\/a> (IHC) raised its stake in <a href=\"https:\/\/www.adanienterprises.com\/\">Adani Enterprises<\/a> (AEL) to more than 5% to explore further investment options in India, the company said in an <a href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=2935163\">ADX filing<\/a>. This comes around a week after IHC <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ccb5c25a-6d67-4449-b6e1-d07bef5e0da3\">offloaded its minority stake<\/a> in Adani Green Energy and Adani Energy Solutions to an undisclosed buyer. No financial details were disclosed in the filing.<\/p>\n<p><strong>What they said: <\/strong>IHC said it believes in \u201cthe inherent strength of airports, data centres, green hydrogen and various other verticals being incubated under AEL and that AEL is poised to uniquely capitalise on India\u2019s robust growth journey,\u201d the filing read. \u201c[This] further validates AEL's standing as a global leader in incubating new businesses, particularly in sustainable infrastructure, developing global aviation infrastructure and equitable energy transition,\u201d said Adani Enterprises in its own <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/5d208747-9b7d-488d-b48b-44d13d7f24bd.pdf\">Bombay Stock Exchange filing<\/a>.<\/p>\n<p><strong>Refresher- IHC has been eyeing a stake in Adani Enterprises since January<\/strong>, when it <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b39b2e06-4352-43e9-9f1c-dce7fe2215b0\">announced its intention<\/a> to invest USD 400 mn in the USD 2.45 bn (INR 200 bn) secondary offering of Adani Enterprises. Adani Group has seen major drops in its share prices after the publication of a <a href=\"https:\/\/hindenburgresearch.com\/adani\/\">report<\/a> by investment research firm and short seller Hindenburg Research, which leveled allegations of fraud and unsustainable debt at Adani Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After dumping Adani Green + Adani Energy, IHC ups stake in Adani Enterprises: Abu Dhabi's International Holding Company (IHC) raised its stake in Adani Enterprises (AEL) to more than 5% to explore further investment options in India, the company said in an ADX filing. This comes around a week after IHC offloaded its minority stake [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":79897,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[372,11,1500,260,79,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-adani-green","tag-enterpriseclimate","tag-ihc","tag-india","tag-ma-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"b625c2fc-43d4-4dc4-91ac-56207d2d48cf","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1558.jpg","photo_position":"above","related_issue":[79880],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IHC increases its stake in India\u2019s Adani Enterprises - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IHC increases its stake in India\u2019s Adani Enterprises\" \/>\n<meta property=\"og:description\" content=\"After dumping Adani Green + Adani Energy, IHC ups stake in Adani Enterprises: Abu Dhabi&#039;s International Holding Company (IHC) raised its stake in Adani Enterprises (AEL) to more than 5% to explore further investment options in India, the company said in an ADX filing. This comes around a week after IHC offloaded its minority stake [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-05T01:00:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1558.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IHC increases its stake in India\u2019s Adani Enterprises\",\"datePublished\":\"2023-10-05T01:00:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/\"},\"wordCount\":229,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1558.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Adani Green\",\"EnterpriseClimate\",\"IHC\",\"India\",\"M&amp;A WATCH\",\"UAE\"],\"articleSection\":[\"M&amp;A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/05\/ihc-increases-its-stake-in-indias-adani-enterprises\/\",\"name\":\"IHC increases its stake in India\u2019s Adani Enterprises - 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