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

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

FILE PHOTO: Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, Feb. 2, 2023. REUTERS/Amit Dave

Abu Dhabi conglomerate International Holding Co (IHC) said on Tuesday it 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.