Qatari fund to invest $450m in India’s Adani Transmission
Qatar’s sovereign wealth fund will invest $450 million in a unit of Indian power company Adani Transmission Ltd for a 25.1 percent stake, the two entities said on Wednesday.
Qatar Investment Authority will buy the stake in Adani Electricity Mumbai Ltd (AEML) in a deal that will also include subordinated loans.
AEML is an integrated power distribution, transmission and generation business that serves more than 3 million consumers in Mumbai, India’s financial capital.
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