Abu Dhabi’s IHC to sell its investments in 2 Adani group companies
International Holding on Thursday said that the company plans to dispose its investment in Adani Group firms – Adani Green Energy Ltd and Adani Energy Solutions Ltd.
The decision to sell off the investment is part of the company’s plan to rebalance its overall portfolio strategy, IHC said.
The company’s subsidiaries Green Energy Investment Holding RSC and Green Transmission Investment Holding RSC have already entered into definitive agreements with a buyer to sell their stake.
“The company is currently completing all required procedures and obtaining all necessary regulatory approvals to implement the signed transaction,” IHC said in a statement.
As of June end, Green Transmission Investment Holding held 1,56,82,600 shares, representing 1.4% stake in Adani Transmission.
Green Energy Investment Holding held 2,00,18,198 shares, representing 1.3% stake in Adani Green Energy.
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