Abu Dhabi-based IHC to Invest $2 Billion in 3 Adani Group Companies: Adani stocks price surge

Stocks price: Abu Dhabi-based IHC to Invest $2 Billion in 3 Adani Group Companies
Stock Price (Image: Canva)

In Early Trade today, Adani Green Energy’s share price increased by 7.21% to Rs 2491.98, Adani Transmission’s share price increased by 4.31% to Rs 2656.88, Adani Enterprises share price was up by 0.17% to Rs 2173.22.

According to reports, the Abu Dhabi-based International Holding Company (IHC) will invest about $2 billion in these three companies (Adani Transmission Ltd, Adani Green Energy Ltd, and Adani Enterprises Ltd).

IHC will invest Rs 3850 crore each in Adani Green and Adani transmission and Rs 7700 crore in Adani enterprises.

After getting the necessary approval, these transactions can be completed in the next one month. This capital will be used in the growth of the business of these three companies and in strengthening the balance sheet.

Apart from this, the stocks of other Adani Group companies are also in green in early trade.

Adani Wilmar’s share price increased by 4.94% to Rs 575.58, Adani Power’s share price increased by 2.75% to Rs 226.79.

The Share of Adani Ports & Special Economic Zone was trading higher by 1.39% at Rs.849.57 and the Share of Adani Total Gas was trading higher by 6.24% at Rs.2578.69.

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