Adani to raise $2-B from Abu Dhabi-based IHC

Abu Dhabi based conglomerate International Holding Company PJSC (IHC) is to invest USD 2 Billion, through the preferential allotment route, in three publicly listed Adani Group companies: Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL). IHC will invest INR 3,850 crore in AGEL, INR 3,850 crore in ATL and INR 7,700 crore in AEL. The fresh capital will be used for pursuing the growth of the respective businesses, further strengthening of the balance sheet and for general corporate purposes.