Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
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Should l Buy ?
Source: Reuters
IHC's Investment Stance: International Holding Co (IHC) maintains its investment outlook on India's Adani Group despite recent U.S. indictments against billionaire Gautam Adani and others, emphasizing confidence in their contributions to green energy and sustainability.
Repercussions of Indictments: The Adani Group faces mounting repercussions from the U.S. indictments, including rating downgrades, halted investments from TotalEnergies, and investigations into contracts in Kenya, Bangladesh, and Sri Lanka.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
