Case Study: India’s first platform investment 18 GCC’s most valued firm with a clear objective of enhancing its portfolio through acquisitions, strategic investments and business combinations. AGEL • May - 22 • 1.26% stake • Largest Renewable Energy Developer • Value - USD 500 mn 3 AEL – Adani Enterprises Ltd| AGEL – Adani Green Energy Ltd I ATL – Adani Transmission Ltd | Bn - BillionI I Mn – Million I IHC – International Holding Company I GCC – Gulf Cooperation Council ATL • May - 22 • 1.41% stake • Largest Private Transmission Co. • Value - USD 500 mn 2 AEL • May - 22 • 3.53% stake • Biggest Infrastructure Incubator • Value - USD 1 bn 1 Embedding Strategic & Intergenerational relationship with India’s largest trading partner