Abu Dhabi-based IHC raises stake in Adani Enterprises to over 5%

Days after selling its stake in two of the Adani Group companies, Abu Dhabi's International Holding Company (IHC) has raised its stake in the group's flagship Adani Enterprises Ltd to above 5%.

The company said it believes that "the inherent strength of airports, data centres, green hydrogen and various other verticals being incubated under AEL is poised to uniquely capitalise on India's robust growth journey."

"IHC continues to explore unique investment opportunities in India with the goal to maximise stakeholders' return," the filing added.