{"id":305265,"date":"2019-12-12T11:25:08","date_gmt":"2019-12-12T05:55:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305265"},"modified":"2019-12-12T11:25:08","modified_gmt":"2019-12-12T05:55:08","slug":"adani-to-sell-25-1-in-mumbai-power-distribution-biz-to-qatar-investment-authority","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-to-sell-25-1-in-mumbai-power-distribution-biz-to-qatar-investment-authority\/","title":{"rendered":"Adani to sell 25.1% in Mumbai power distribution biz to Qatar Investment Authority"},"content":{"rendered":"<p>Mumbai: Adani Transmission Ltd on Wednesday said it will sell 25.1% stake in its arm Adani Electricity Mumbai Ltd (AEML) to Qatar Investment Authority for around \u20b93,200 crore.<\/p>\n<p>&#8220;Adani Transmission Ltd (ATL), Adani Electricity Mumbai Ltd (AEML) and a subsidiary of Qatar Investment Authority (\u201cQIA&#8221;) have signed definitive agreements for the sale of a 25.1% stake in AEML to QIA and for a shareholder subordinated debt investment by QIA in AEML&#8221;, the company said in a exchange filling.<\/p>\n<p>AEML is the licensee for an integrated power distribution, transmission and generation business that currently serves more than 3 million consumers across a license area of approximately 400 square kilometers in the city of Mumbai. AEML\u2019s market share of Mumbai is approximately 67% by consumers served and 55% by electricity supplied, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Adani Transmission Ltd on Wednesday said it will sell 25.1% stake in its arm Adani Electricity Mumbai Ltd (AEML) to Qatar Investment Authority for around \u20b93,200 crore. &#8220;Adani Transmission Ltd (ATL), Adani Electricity Mumbai Ltd (AEML) and a subsidiary of Qatar Investment Authority (\u201cQIA&#8221;) have signed definitive agreements for the sale of a 25.1% stake in AEML to QIA and for a shareholder subordinated debt investment by QIA in AEML&#8221;, the company said in a exchange filling. AEML is the licensee for an integrated power distribution, transmission and generation business that currently serves more than 3 million consumers across [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-305265","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=305265"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305265\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}