Abu Dhabi’s IHC sells 1.83% stake in Adani Energy Solutions for ₹1,736.7 crore in a major strategic move.

IHC’s Envestcom Holding sold ~2.19 crore shares at ₹790/share, totaling ₹1,736.7 Cr via bulk deals on BSE and NSE.

Deal Details

Following the sale, IHC’s stake in AESL dropped sharply—from 2.68% to just 0.85%.

Holding Change

AESL shares dipped ~1.4% intraday. Market saw heavy trading volumes exceeding ₹11,000 crore.

Market Reaction

This sale is part of IHC’s portfolio rebalancing across Adani Group companies, amid global diversification plans.

Strategic Context

The move reflects evolving foreign investor sentiment—but Adani Energy remains strong with solid fundamentals and growth outlook.

Key Takeaway