Abu Dhabi-based IHC divested a 1.83% stake in Adani Energy Solutions for Rs 1,737 crore through open market transactions, reducing its shareholding to 0.85%. This sale by IHC's affiliate, Envestcom Holding, follows a previous sale of Adani Enterprises shares in March.
Prestige Hospitality Ventures, the Prestige Group's hospitality arm, has received SEBI approval for its 2,700 crore IPO. The IPO includes a fresh issue of shares and an offer for sale by Prestige Estates Projects. Proceeds will be used for debt repayment, acquisitions, and general corporate purposes, reflecting confidence in India's premium hospitality sector.
