Abu Dhabi funds, Hinduja group could invest in Adani firms' share sale

Adani Group shares have recovered sharply after Supreme Court-appointed committee last week gave its interim report in Hindenburg Research matter

Dev Chatterjee Mumbai

Photo: Bloomberg

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GQG Partners, Abu Dhabi Investment Authority, International Holding Company, and the Hinduja conglomerate are among famed investors that have shown interest in participating in Adani Group companies' share sale plan that would raise up to Rs 29,000 crore, said investment banking sources.
Shares of the Adani Group have recovered sharply after a committee appointed by the Supreme Court last week did not make any adverse comments in its interim report about the conglomerate, which was attacked by US short-seller Hindenburg Research in January.
Abu Dhabi Investment Authority (ADIA) and International Holding Company (IHC), which have shown interest in the group’s share sale plans, were anchor investors in Rs 20,000 crore in group flagship Adani Enterprises' share sale in January. The sale was scrapped after Hindenburg’s allegations, which the Adani Group has vehemently denied.

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Adani Enterp.

  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y

First Published: May 24 2023 | 3:46 PM IST

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