Abu Dhabi’s IHC raises stake in India’s Adani Enterprises

Abu Dhabi conglomerate International Holding Co (IHC) has increased its stake in India's Adani Enterprises to more than 5%, days after it sold its stakes in two other Adani Group companies. With the new investments, the value of IHC's holding in the Adani group's flagship company now stands at around 140 billion rupees