IHC Divests $210M Stake in Adani Enterprises
Deal News | Mar 06, 2025 | Zawya
Abu Dhabi-based IHC Capital Holding recently sold more than 8.4 million shares in India’s Adani Enterprises, a transaction valued at 18.32 billion rupees ($210 million), through open market deals. The shares represent a 0.73% stake in the company. Green Vitality RSC and Green Energy Investment Holding RSC, subsidiaries of IHC, executed the sale according to data from the Bombay Stock Exchange. Shares were sold at an average price of INR 2,168.10 each. On the same day, Envestcom Holding RSC, another Abu Dhabi-based private firm, purchased 8.44 million shares in Adani Enterprises at a similar price point. These developments occur amid legal challenges faced by Gautam Adani, founder of the Adani Group, who is facing allegations of bribery connected to Adani Green Energy's dealings, although the group denies these charges.
Sectors
- Private Equity
- Energy
Geography
- United Arab Emirates – IHC Capital Holding and Envestcom Holding, both based in Abu Dhabi, UAE, are participating entities in the share transactions.
- India – Adani Enterprises, the company in which the stake was sold, is an Indian multinational company.
Industry
- Private Equity – IHC Capital Holding, a private equity firm, is involved in the strategic divestment of its stake in Adani Enterprises.
- Energy – Adani Enterprises is part of a conglomerate involved in energy sectors, including Adani Total Gas and Adani Energy Solutions.
Financials
- $210 million – The total value of the shares sold by IHC Capital Holding in Adani Enterprises.
- INR 2,168.10 – Average price per share during the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IHC Capital Holding | Selling Company | Company | An Abu Dhabi-based investment firm that divested its stake in Adani Enterprises. |
| Adani Enterprises | Target Company | Company | An Indian multinational company and flagship of Gautam Adani's Adani Group. |
| Green Vitality RSC | Subsidiary of IHC | Company | A subsidiary of IHC involved in the sale of shares in Adani Enterprises. |
| Green Energy Investment Holding RSC | Subsidiary of IHC | Company | A subsidiary of IHC involved in the sale of shares in Adani Enterprises. |
| Envestcom Holding RSC | Bidding Company | Company | An Abu Dhabi-based private entity that purchased shares in Adani Enterprises. |
| Gautam Adani | Person | Person | Founder of the Adani Group, currently facing legal allegations. |