TAQA Looks To Bet Big On Adani’s Power Business With $2 Billion Investment

AbuDhabi National energy company PJSC is known as TAQA. This is not a talk of any investment in the Adani Group power business. The two entities give separate statements on Friday. According to the report of economic times newspapers citing sources are evolving the investing up to $2.5 billion. In a single or more than one Adani group business included buying 20% of the Adnai share stakes. 

The power distribution firm Adani Energy Solution and the thermal power producing company Adani Power said

The company is not engaged in any discussion with TAQA, for their investment

The TAQA said there is no news of investment in the Adani group’s power along with energy business. The Billionaire Gautam Adani is leading the company. The entities are formerly known as Adani energy solutions, Adani Transmission and Adani Powers. Adnai energy solution share prices increase up to 8.73%, Adani Power 12% and Adani green energy share prices increase to 10%.

News Source: https://bit.ly/44wfZdD

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