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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