Abu Dhabi’s Taka to Invest up to $2.5 Billion in Gautam Adani’s Energy Activities
Introduction
Today, Friday, the Indian Economic Times, citing sources, reported that Abu Dhabi’s national energy company, Taka, is estimating an investment of up to $2.5 billion in the energy activities of Indian billionaire Gautam Adani.
The investment, which ranges from $1.5 billion to $2.5 billion, could include one or more activities, including the purchase of approximately 20% of Adani Energy Solutions, the report said.
Adani Energy and Electricity’s operations include companies such as Adani Energy Solutions, Adani Power and Adani Green Energy, but both parties believe that the biggest savings are between Taqah and Adani Energy Solutions, according to the report.
TAQA’s Stake Acquisition
TAQA can acquire a stake by injecting new capital into the company and buying shares on the secondary market from shareholding family businesses.
The founding shareholders own 62.52% of the company’s shares, including 53.93% of the shares of the Adani family fund.
A 20 percent stake in Adani Energy Solutions will be worth INR 183.43 billion ($2.21 billion) at Thursday’s closing price of Rs 822.20.
