Adani Transmission has denied reports that Abu Dhabi National Energy Co (TAQA) will be investing $2.5bn into Adani Group firms or a single entity. This follows a report that stated TAQA is evaluating a large exposure in the power businesses of Gautam Adani’s companies. Adani Transmission clarified that it is not engaged in any discussion with TAQA regarding any investment. TAQA has also denied these reports. The shares of Adani group firms, including Adani Green Energy, Adani Energy Solutions and Adani Power, saw a significant increase in trade on the BSE following the initial report.