September 20, 2019 (Qatar)
According to an article published on Business Today, the Qatar Investment Authority (QIA) is looking to purchase a 20% – 25% minority stake in Adani Electricity Mumbai Limited (AEML) for up to $425 million – $575 million. AEML is India’s largest private sector integrated power utility and is the flagship power transmission and distribution asset of the Adani Group. The article went on to suggest that the deal is still in early stages and the acquisition plan is being drafted with no certainty of deal going forward.
Read the original article on Business Today: QIA eyes stake in Adani Electricity Mumbai