{"id":305380,"date":"2019-12-12T12:31:55","date_gmt":"2019-12-12T07:01:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305380"},"modified":"2019-12-12T12:31:55","modified_gmt":"2019-12-12T07:01:55","slug":"qatar-wealth-fund-to-buy-25-in-adanis-mumbai-power-utility-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/qatar-wealth-fund-to-buy-25-in-adanis-mumbai-power-utility-biz\/","title":{"rendered":"Qatar wealth fund to buy 25% in Adani\u2019s Mumbai power utility biz"},"content":{"rendered":"<p>Qatar Investment Authority, Qatar\u2019s sovereign wealth fund, has proposed to buy a 25.1 per cent stake in Adani Electricity Mumbai Ltd for around Rs 3,200 crore ($450 million). A part of Adani Transmission Ltd, AEML distributes power to three million consumers in Mumbai.<\/p>\n<p>\u201cAdani Transmission Ltd (ATL), Adani Electricity Mumbai Ltd (AEML) and a subsidiary of Qatar Investment Authority (QIA) have signed definitive agreements for the sale of a 25.1 per cent stake in AEML to QIA and for a shareholder subordinated debt investment by QIA in AEML,\u201d said an exchange filing. \u201cThe total QIA investment in AEML will be approximately Rs 3,200 crore,\u201d the filing added. This is the second biggest investment in an Adani group company after France\u2019s Total SA decided to buy a stake in gas distribution company Adani Gas in October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qatar Investment Authority, Qatar\u2019s sovereign wealth fund, has proposed to buy a 25.1 per cent stake in Adani Electricity Mumbai Ltd for around Rs 3,200 crore ($450 million). A part of Adani Transmission Ltd, AEML distributes power to three million consumers in Mumbai. \u201cAdani Transmission Ltd (ATL), Adani Electricity Mumbai Ltd (AEML) and a subsidiary of Qatar Investment Authority (QIA) have signed definitive agreements for the sale of a 25.1 per cent stake in AEML to QIA and for a shareholder subordinated debt investment by QIA in AEML,\u201d said an exchange filing. \u201cThe total QIA investment in AEML will be [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-305380","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305380","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=305380"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305380\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}