Abu Dhabi's IHC to sell stake in two Adani group companies

Abu Dhabi's IHC to sell stake in two Adani group companies

FILE PHOTO: The logo of the Adani group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

Abu Dhabi conglomerate International Holding Company (IHC) on Thursday said it will sell its stake in two of India’s Adani Group companies, a move that comes as billionaire Gautam Adani‘s business continues its battle against fraud allegations.