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Adani Group News

PM Narendra Modi greets supporters at BJP headquarters in New Delhi. He took office in 2014

642 million votes counted … now India can get back to business

Narendra Modi has claimed victory in India’s election – and many in the Gulf will be delighted at the prospect of a third Modi term. The prime minister’s pro-business credentials and economically liberalising tendencies remain credible, if battered, after 10 years in office.  His Bharatiya Janata Party did not perform as well as expected, however, […]

Power Lines, Cable, Electric Transmission Tower

IHC unit and India’s Adani launch smart meter business

India’s Adani Energy Solutions has formed a joint venture with Abu Dhabi’s Esyasoft Holdings to expand its smart meter business in India and globally. Adani Transmission Step-Four, a wholly owned subsidiary of Adani Energy, has acquired a 49 percent stake in Esyasoft Holdings’s smart metering solutions arm. Esyasoft holds the remaining 51 percent stake. The […]

Adani Group building

Abu Dhabi’s IHC raises stake in India’s Adani Enterprises

Abu Dhabi-headquartered International Holding Company (IHC) has increased its stake in India’s Adani Enterprises Limited to more than five percent after selling stakes in two other Adani Group companies last week. With investments in airports, data centres, green hydrogen, and various other verticals, Adani Enterprises is “poised to capitalise on India’s robust growth journey”, the […]

Adani

Abu Dhabi’s IHC to sell stake in two Adani entities

International Holding Company (IHC), an Abu Dhabi-headquartered investment firm, is to sell its stake in two of India’s Adani Group companies. The conglomerate’s subsidiaries, Green Energy Investment Holding RSC and Green Transmission Investment Holding RSC, have entered into definitive agreements with a buyer to sell their stake in Adani Green Energy Limited and Adani Energy […]

India says connecting its power grid to Saudi Arabia and the UAE will help it supply power to Europe

Taqa to invest up to $2.5bn in Gautam Adani’s power units

Abu Dhabi National Energy Company (Taqa) is assessing an investment of $1.5 billion to $2.5 billion in the power businesses of Indian billionaire Gautam Adani, a local Indian daily reported. The Abu Dhabi Securities Exchange-listed company plans to invest in one or multiple Adani Group companies, the Economic Times, a financial daily, reported, citing informed […]

Turkey's green fund will provide financing to businesses, promote investment in green technologies and diversify the financial sector Turkey green fund

QIA buys $500m stake in Adani’s green energy firm 

India’s Adani Group has raised $500 million by selling a part of its holdings in Adani Green Energy Limited to investors, including INQ Holding, a wholly owned unit of Qatar Investment Authority (QIA). The stake sale by Indian billionaire Gautam Adani aims to reduce promoter-level debt and release stock pledges.  Infinite Trade and Investment sold 42.6 million […]

Morocco mulls hydrogen energy deal with Asia’s richest man

Morocco is ramping up plans to become a major producer and exporter of green hydrogen, and the investment deals reportedly on the table include with Indian billionaire Gautam Adani.  Named as Asia’s richest person, Adani is the chairman and founder of Adani Group, a multinational conglomerate with interests spanning the port development, industrial, logistics, and […]

Abu Dhabi's IHC is accelerating the growth of its tech portfolio

IHC sets out plan to create Mena’s largest tech company

International Holding Company (IHC), the Abu Dhabi-based conglomerate, plans to create the largest tech holding company in the Middle East and North Africa (Mena) region. IHC said it wants to scale up its IT businesses as part of the long-term strategy to grow its capacity in the tech industry across different sectors. The company added […]