- IHC reaffirms confidence in Adani Group’s green energy and sustainability initiatives despite US bribery charges.
- IHC increased its stake in Adani Enterprises to over 5% in October 2023, highlighting the company’s potential in India’s growth.
- Adani Group stocks see a recovery, with market cap jumping Rs 1.22 lakh crore after the company denied bribery charges.
Abu Dhabi’s International Holding Co. (IHC), a major investor in Adani Group, has expressed continued confidence in the conglomerate’s growth, particularly in green energy and sustainability, despite recent bribery allegations in the US. IHC’s outlook on its Adani investments remains unchanged, as the company keeps monitoring developments.
In October 2023, IHC raised its stake in Adani Enterprises, signalling trust in its position in India’s growing market. Meanwhile, Adani Group’s listed stocks have been recovering, with a nearly Rs 1.22 lakh crore rise in market capitalisation.
Despite the recent US indictment, which accused Adani of bribery, the group has clarified that neither Gautam Adani nor any of its executives face charges.
