Qatar Investment Authority picks up 2.7% in Adani Green

Qatar Investment Authority (QIA) on Monday picked up a 2.7% stake in Adani Green Energy (AGEL) in a block deal worth Rs 3,920 crore ($474 million), nearly a month after the renewable energy firm raised funds from GQG Partners and other investors.

The move is a sign of investor confidence in Adani Group companies, after a report by Hindenburg Research in January resulted in the conglomerate losing nearly half of its market capitalisation.