Abu Dhabi's IHC plans to invest $381 million in Adani Group

Abu Dhabi conglomerate International Holding Company (IHC) on Monday said it will invest 1.4 billion dirhams ($381.17 million) in Adani Enterprises' follow-on public offer, Reuters reported."Our interest in Adani Group is driven by our confidence and belief in the fundamentals of Adani Enterprises Ltd; we see a strong potential for growth from a long-term perspective and added value to our shareholders," IHC CEO Syed Basar Shueb said in a statement. https://ift.tt/tX7RldJ