Abu Dhabi based IHC Capital Holding LLC has announced the sale of its stake in Adani Green Energy Limited and Adani Energy Solutions Limited. It has taken this decision as part of its re-balancing strategy. IHC has talked to new buyers for this.
However, he has not told to whom he is going to sell his stake. As of the June quarter, IHC's subsidiary Green Energy Investment Holding RSC Ltd held 1.26% stake in Adani Green Energy, the report said. While Green Transmission Investment Holding RSC Ltd held 1.41% stake in Adani Energy Solutions. That means IHC had a total of 2.67% stake in Adani's two firms.
According to the filing of Adani Power, Fortitude Trade and Investment has bought about 6.58 crore (1.71%) shares in Adani Power between September 5 and 21. Whereas Emerging Market Investment DMCC has bought 1.92 crore (about 0.50%) shares between 21 and 25 September
The company said on Thursday that Fortitude Trade & Investment and Emerging Market Investment DMCC have bought a total of 2.1% additional stakes in Adani Group so far in September.