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After GQG, Abu Dhabi's IHC backs Adani over US indictment
Mint Mumbai
|November 29, 2024
IHC, listed on the Abu Dhabi exchange, is the third-largest foreign investor in Adani, having put in $2.5 billion
International Holding Company (IHC), the investment arm of Abu Dhabi's ruling family, emerged as the second major investor to affirm its faith in the Adani group after US federal prosecutors indicted Gautam Adani and others for allegedly bribing Indian government officials.
"At IHC, our investment strategy is guided by a commitment to long-term growth and sustainability. We understand that matters involving individuals are distinct from the operations and potential of the businesses they represent," an IHC spokesperson said in an emailed response to Mint.
Dit verhaal komt uit de November 29, 2024-editie van Mint Mumbai.
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