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IHC has divested a $210 million stake in Adani Enterprises, while Trump has announced an upcoming visit to Saudi Arabia. Additionally, ADQ has acquired a 58% stake in Aramex, Binance has secured a $2 billion investment from MGX, and FAB has approved a record dividend of Dh8.3 billion.
IHC Capital Holding has divested a $210 million stake in Adani Enterprises, selling over 8.4 million shares amid ongoing legal challenges faced by the Adani Group. The sale represents a 0.73% stake, executed at an average price of ₹2,168.10 per share. This transaction coincides with a federal indictment against Gautam Adani and senior executives for alleged corruption and securities fraud, which has led to significant political and financial repercussions, including project cancellations in Kenya. Despite these challenges, the Adani Group has raised $1.06 billion to refinance debt, indicating efforts to maintain financial stability.
Adani Enterprises Ltd.
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IHC divests stake in Adani Enterprises as major investments unfold
12:35 14.03.2025
IHC Capital sells 210 million stake in Adani Enterprises amid legal troubles
06:30 07.03.2025
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