IHC Sells $210 Million Stake in Adani Enterprises
Deal News | Mar 06, 2025 | Zawya
Abu Dhabi-based IHC Capital Holding has sold over 8.4 million shares in India's Adani Enterprises in a transaction valued at $210 million through open market sales. This sale equates to a 0.73% ownership interest in the flagship company of the Adani Group, led by the controversial Indian businessman Gautam Adani. The shares were sold at an average price of INR 2,168.10 each. The sale was executed by IHC's subsidiaries, Green Vitality RSC and Green Energy Investment Holding RSC, according to information from the Bombay Stock Exchange (BSE). Concurrently, Envestcom Holding RSC, another Abu Dhabi-based entity, acquired 8.44 million shares in Adani Enterprises at a similar price per share. This deal occurs amidst legal challenges facing Gautam Adani in the US, where he has been accused of bribery in connection with Adani Green Energy, although the Adani Group has dismissed these allegations as unfounded.
Sectors
- Private Equity
- Energy
- Financial Markets
Geography
- United Arab Emirates – The seller, IHC Capital Holding, and Envestcom Holding RSC, both based in Abu Dhabi, UAE, are involved in the transaction.
- India – The target company, Adani Enterprises, is an Indian multinational, publicly listed entity.
Industry
- Private Equity – IHC Capital Holding, a Private Equity entity, is involved in the transaction of selling shares in Adani Enterprises.
- Energy – Adani Enterprises is part of the Adani Group, which operates significantly in the energy sector, including Adani Green Energy.
- Financial Markets – The transaction involves open market sales via the Bombay Stock Exchange.
Financials
- $210 million – The total sale value of the shares disposed by IHC Capital Holding.
- 18.32 billion rupees – The sale amount in Indian Rupees for the shares sold.
- INR 2,168.10 – The average price per share at which the shares were sold.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IHC Capital Holding | Vendor | Company | A private equity firm based in Abu Dhabi, UAE, responsible for selling the shares in the transaction. |
| Adani Enterprises | Target Company | Company | An Indian multinational company and the flagship of the Adani Group. |
| Gautam Adani | Person | Person | Indian businessman and head of the Adani Group. |
| Green Vitality RSC | Subsidiary of Selling Company | Company | Subsidiary of IHC Capital Holding involved in the share transaction. |
| Green Energy Investment Holding RSC | Subsidiary of Selling Company | Company | Another subsidiary of IHC Capital Holding involved in the share transaction. |
| Envestcom Holding RSC | Buyer | Company | An Abu Dhabi-based private entity that bought shares in Adani Enterprises. |