IHC has agreed to invest $2 billion in Adani Enterprises

Adani Group companies traded higher by up to 8 per cent on the BSE

IHC will invest Rs 3,850 crore in Adani Green Energy, Rs 3,850 crore in Adani Transmission, and Rs 7,700 crore in Adani Enterprises, in compliance with SEBI regulations.

"The transaction is expected to be completed in a month

Among individual stocks, AGEL hit a new high of Rs 2,520, up 8 per cent today

The company's board approved allotment up to 20.02 million equity shares at a price of Rs 1,923.25 per share

aggregating up to Rs 3,850 crore, to IHC Capital Holding LLC incorporated under the Laws of Abu Dhabi

Adani Transmission, meanwhile, surged 6 per cent to Rs 2,696, and gaining 10 per cent in the past two trading days.

The company said it will allot 15.68 million equity shares at a price of Rs 2,454.95 per share aggregating to Rs 3,850 crore

Adani Enterprises will allot 4.02 million equity shares at price of Rs 1,915.85 per share aggregating to Rs 7,700 crore

"The transaction is expected to be completed in a month

The stock hit a new high of Rs 2,294, ralling 6 per cent in early deals. It has gained 9 per cent 

"The transaction is expected to be completed in a month

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