Adani Transmission denied reports on Friday that the Abu Dhabi National Energy Company, known as TAQA, will invest between $1.5 billion and $2.5 billion in Adani Group firms or in a single entity.
Earlier, media reports had claimed that TAQA was evaluating an investment of up to $2.5 billion in the power businesses of Gautam Adani.
These reports suggested that the investment, which could range anywhere from $1.5 billion to $2.5 billion, might be made in single or multiple group businesses, including the potential acquisition of a near-20 per cent stake in Adani Energy Solutions.
