Abu Dhabi's IHC, Tanzania, Sri Lanka Port reaffirm support for Adani Grp
The Free Press Journal|November 29, 2024
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to around USD 100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate's founder chairman Gautam Adani.
Abu Dhabi's IHC, Tanzania, Sri Lanka Port reaffirm support for Adani Grp

"Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC, one of Adani group's key foreign investors, said in a statement.

"As with all our investments, our team continues to evaluate relevant information and developments. At this time, our outlook on these investments remains unchanged."

IHC had, in April 2022, invested about USD 500 million each in the Adani Group's renewables arm Adani Green Energy and power company Adani Transmission and a further USD 1 billion in the group's flagship Adani Enterprises.

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