QIA likely picked up shares worth $500 million in Adani Green: Report
BENGALURU (Reuters) – Qatar Investment Authority (QIA) likely picked up shares worth $500 million in India’s Adani Green Energy via block deals on Monday, ET Now reported, citing sources.
Over 1.1 million shares of the Adani Group-owned renewable power producer changed hands in fourteen block deals as of 2 p.m. IST, as per data from Refinitiv, in a price range of 882 to 954 rupees per share.
QIA’s potential investment in the billionaire Gautam Adani-owned firm comes at a time when the group is coming out of the impact caused after U.S.-based Hindenburg Research said it held short positions in the conglomerate in January.
