IHC to sell stake in Adani units as part of portfolio rebalancing strategy
BENGALURU (Reuters) – Abu Dhabi conglomerate International Holding Company (IHC) said on Thursday it would sell its stake in India’s Adani Green Energy and Adani Energy Solutions as part of its portfolio rebalancing strategy.
It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment.
IHC said its units Green Energy Investment Holding and Green Transmission Investment Holding have signed an agreement to sell their investments in the two Adani group companies.
