Qatar fund in talks with Adani to invest in Mumbai airport: Report
Qatar Investment Authority is in advanced talks with Adani Airport Holdings Ltd for acquiring a minority stake in Mumbai International Airport Ltd (MIAL) that Adani acquired last month, Mint reported, citing two people in the know of the matter.
According to the report, Adani Airport is looking to raise $750 million from the stake sale. Even as the Qatar fund prefers to invest directly in the Mumbai airport operator, it may buy a stake in parent Adani Airport, a source told the publication.
DH could not independently verify this report.
Qatar’s sovereign wealth fund had in February acquired 25.10 per cent stake in Adani Electricity Mumbai Ltd (AEML) from Adani Transmission. It had invested Rs 3,220 crore, which included equity consideration of approximately Rs 1,210 crore and shareholder subordinated debt of about Rs 2,000 crore.
