A major player in the global investment world, the Abu Dhabi investment Authority (ADIA) has recently made a $400 million dollar investment in the Indian firm Adani Enterprises. This is the latest example of the ADIA’s commitment to making strategic investment in companies from a variety of sectors and having a global presence.
The investment was made through the Abu Dhabi’s International Holding Co. (AIHC) and included participation from marquee foreign investors such as Maybank Asia and the State Bank of India Employees’ Pension Fund. The company allotted 1.82 crore equity shares to 33 funds at Rs 3,276 each, with foreign investors, including the ADIA, taking up the majority of the stake.
The anchor portion of the sale saw the ADIA and other investors such as Maybank Securities pick up a significant stake in Adani Enterprises. This investment has been seen as a major boost to the firm and is expected to provide them with greater stability and access to more capital.
The ADIA has also been in touch with other investors such as Singapore’s GIC and EQT’s (EQTAB) to discuss potential investment. This is in addition to their recent investment in the Indian Oil Corporation. The ADIA is one of the largest institutional investors in the world and their investment in India have been seen as a sign of their commitment to the country.
The world’s largest Sovereign Wealth Fund, the ADIA, has an estimated $800 billion in assets and recently increased its target for investment in India. This is in line with their overall strategy of investing in countries around the world, and India is seen as an attractive destination for both institutional and private investors.
The ADIA is a leading international investor and has been involved in a number of major transactions in the past. This includes their purchase of a stake in the Taj Hotels & Resorts in 2018, their investment in the Abu Dhabi National Oil Company in 2017 and their purchase of a stake in the Abu Dhabi Commercial Bank in 2016.
The ADIA’s interest in investing in India is further evidenced by their investment in the Nippon Life Insurance Company, the Dai-ichi Life Insurance Company and the Reliance Industries Limited. The ADIA has also recently announced their intention to invest in the digital payments sector in India.
These investment demonstrate the ADIA’s commitment to investing in India and their willingness to take on risks in order to benefit from the country’s growth story. It is expected that the ADIA will continue to make investment in the country, and that the investment in Adani Enterprises is just the beginning of their foray into the Indian market.
