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Abu Dhabi’s IHC to sell stakes in two Adani companies

Abu Dhabi’s International Holding Company (IHC) has announced its intention to divest its stakes in two Adani Group companies in India amid ongoing fraud allegations surrounding the Adani business empire.Abu Dhabi's IHC to exit two Adani companies

IHC, one of the overseas investors supporting Adani against allegations of stock manipulation and high debt levels, has entered into an agreement with an undisclosed buyer to sell its foreign direct investment in Adani Green Energy and Adani Energy Solutions. This move is part of IHC’s portfolio rebalancing strategy. Abu Dhabi’s IHC

The Adani Group has consistently denied all allegations, with India’s markets regulator investigating the matter under orders from the Supreme Court of India.

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