Qatar Investment Authority Acquires 25.1% Stake in Adani Electricity Mumbai Limited

December 11, 2019

The Qatar Investment Authority (QIA) will invest approximately INR 3,200 crore (about $450 million) to acquire a 25.1% stake in Adani Electricity Mumbai Limited (AEML) and make a shareholder subordinated debt investment. The agreement, signed with Adani Transmission Limited and AEML, includes commitments to source over 30% of AEML’s supplied electricity from solar and wind by 2023 and other green initiatives to support sustainable growth.

Buyers
Qatar Investment Authority
Targets
Adani Electricity Mumbai Limited
Sellers
Adani Transmission Limited
Industry
Utilities
Location
Maharashtra, India
Transaction Type
Growth capital

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