Announced
Financials
Sources
Tags
Acquisition
Minority
renewable energy
India
Renewable Energy Equipment
Friendly
Single Bidder
Cross Border
Pending
Public
Gas Distribution
gas distribution network
gas transmission
Synopsis
International Holding Company, a full services management and investment firm, agreed to invest $508m in Adani Green Energy, a renewable energy company, $508m in Adani Transmission, a transmission and distribution business, and $1bn in Adani Enterprises, an Indian multinational publicly listed holding company. "This will be a long-term investment in India as the country is driving much innovation globally, including the green energy sector. The opportunity to earn a compelling return on investment in green energy has never been greater. We are confident that Adani companies will play a significant role in unleashing India's total green energy potential, reflecting positively on our shareholders' commitment," Syed Basar Shueb, IHC CEO and Managing Director.
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