Adani Enterprises Shares Jump 5% After IHC Investment

Adani Enterprises Shares Jump 5% After IHC Investment

Abu Dhabi's IHC said it will invest Rs 3,200 crore in the Adani Enterprises' FPO through its subsidiary Green Transmission Investment Holding.

After that the stock of Adani Enterprises increased by 5.26 percent to reach a high of Rs 3,030.

International Holding Company (IHC) said it will subscribe to 16 per cent of Adani Enterprises' $2.5 billion FPO.

Adani Ports & SEZ's stock price remained unchanged as the stock exchanges pressed the business for comment surrounding rumours that the Adani Group was considering a share buyback plan.

Adani Total Gas, Adani Green, Adani Transmission, Adani Wilmar, and Adani Power are other Adani group equities that have extended their recent declines.

The IHC announcement was made before the matter was resolved later on Wednesday. The FPO has gotten 3% subscription thus far.

The IHC announcement was made before the matter was resolved later on Wednesday. The FPO has gotten 3% subscription thus far.