UAE’s IHC backs Adani FPO with $400 mn cheque2 min read . Updated: 31 Jan 2023, 12:20 AM IST
IHC’s funding comes at a critical time as Adani tries to reinvigorate the offering after Hindenburg claimed the group committed accounting fraud
Adani Enterprises’ struggling ₹20,000 crore share sale received a surprise boost on Monday, with International Holding Co. (IHC), the investment firm of Abu Dhabi’s ruling family, agreeing to invest $400 million in the company amid a $70 billion rout in Adani group stocks.
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