Agreement: Abu Dhabi company to make a big investment in three companies of Adani group, know where it will be used

Posted on 8th Apr 2022 03:05 pm by rohit kumar

This year is full of gifts for Gautam Adani, a veteran Indian industrialist and one of the world's top billionaires. In terms of earnings, he has also left behind Elon Musk, Jeff Bezos, and Mukesh Ambani, so now an Abu Dhabi company has announced a big investment in Adani Group.

 

 

According to a report, Abu Dhabi-based International Holding Company PJSC (IHC) will invest two billion dollars (Rs 15 thousand crores) in three companies of the Adani Group. These three companies include Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL), and Adani Enterprises Limited (AEL). According to a report released in this regard, the Abu Dhabi-based company will invest Rs 3,850 crore in Adani Green Energy, Rs 3,850 crore in Adani Transmission, and Rs 7,700 crore in Adani Enterprises.

 

 

According to a stock exchange briefing by Adani Enterprises, the capital to be invested will be used for furthering the growth of the respective businesses, further strengthening the balance sheet, besides for general corporate purposes. The investment has been approved by the boards of all three group companies and the transaction is expected to be completed in a month, the report said.

 

Also Read: CNG became expensive again, even today the price increased by Rs 2.5; Know the prices of all cities including Delhi, Noida, Ghaziabad, Kanpur,

Other news

Manmohan Singh: 'The Prime Minister did the right thing', said Manmohan Singh while taking the government's side on the Russia-Ukraine war

Former Prime Minister of the country Manmohan Singh supported the stand of the Central Government

Saudi Prince's PAK tour canceled due to Imran: Pakistan was about to give $4.1 billion

Saudi Arabia's Prime Minister and Crown Prince Mohammed bin Salman (MBS) has canceled his visit t

Raids in eight states of NIA, Khalistani terrorist-Gangster network revealed; 6 accused of Bishnoi gang arrested

The National Investigation Agency (NIA) has caused a strong injury to the network of Khalistani t

Maharashtra Political Crisis: 'What will happen at most, power will go', said Sanjay Raut on the political crisis

Amidst the political crisis in Maharashtra, Shiv Sena leader Sanjay Raut once again appeared in f

Pakistan: Disappointment and dissatisfaction in Pakistan due to the strict stance of IMF, has the country become bankrupt?

Now there are signs of tension between Pakistan and the International Monetary Fund (IMF). The IM

Indians troubled by waiting time of US visa: far from green card, now dream of getting visitor visa too; have to wait two years

Anil Jethwani, who has settled in Florida, is busy preparing for his daughter's wedding, but he i

Trudeau on backfoot over Nijjar's murder: Said- there is no solid evidence against India; India said- Canadian PM is responsible for spoiling relations

Canadian Prime Minister Justin Trudeau has admitted that when he accused Indian agents of being i

Amidst the success of 'Dhruva', has Akshaye Khanna left 'Drishyam 3'? Speculation about the actor's departure from the film has caused a stir.

Veteran Bollywood actor Akshaye Khanna has been consistently making headlines lately, thanks to h

Lok Sabha Election 2024: The credibility of many ministers will be tested in the third phase of the election, and the fight will be interesting in Mainpuri.

In the third phase, in the interesting election battle of Mainpuri, BJP has fielded Tou

Ebrahim Raisi: 'Can't rule out any possibility', foreign affairs expert on raisi's death

Iranian President Ebrahim Raisi was returning from East Azerbaijan. Then his helicopter crashed&n