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