Qatar Fund in Talks with Adani for Discom Stake

Source Press
Company Adani GroupQatar Investment Authority 
Tags Deal Rumours
Date September 20, 2019

( Investment Authority is in negotiations with the  Adani Group to buy a minority stake in the latter’s flagship power transmission and distribution asset — Adani Electricity Mumbai Limited (AEML), reports Economic Times. The 14-year-old sovereign wealth fund of the oilrich Gulf nation could invest as much as Rs 3,000-4,000 crore for a minority stake of 20-25% in the business, said people in the know. Adani Electricity Mumbai Limited, the country’s largest private sector integrated power utility, is a wholly owned subsidiary of Adani Transmission.

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