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Adia assesses Zeetwerk stake
Reports indicate that the Abu Dhabi Investment Authority ("ADIA") is considering acquiring a major stake in the initial public offering (IPO) of Indian company Zettwerk, which is based in Bengaluru. The company's valuation could reach up to $3.1 billion after the offering. More than 30 investors, including Norges Bank, BlackRock, and Goldman Sachs, are participating in the review. The company is expected to announce the share price range and open the IPO in the coming weeks. Zettwerk operates a manufacturing platform that connects suppliers with customers across sectors such as renewable energy, electronics, defense, space, and artificial intelligence.
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