{"id":596501,"date":"2023-08-08T10:07:02","date_gmt":"2023-08-08T04:37:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=596501"},"modified":"2023-08-08T10:43:10","modified_gmt":"2023-08-08T05:13:10","slug":"qatar-fund-buys-2-7-stake-in-adani-green-for-rs-3920-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/qatar-fund-buys-2-7-stake-in-adani-green-for-rs-3920-crore\/","title":{"rendered":"Qatar fund buys 2.7% stake in Adani Green for Rs 3,920 crore"},"content":{"rendered":"<p>MUMBAI: Qatar&#8217;s sovereign wealth fund has invested Rs 3,920 crore ($474 million) for a 2.7% stake in billionaire Gautam Adani&#8217;s renewable energy unit as the oil-rich Gulf investor increases its bet on the fast-growing Indian market.<\/p>\n<p>This is the Qatari fund&#8217;s second investment in Adani&#8217;s energy utility venture. In 2020, Qatar Investment Authority (QIA) infused Rs 3,200 crore ($450 million) for a 25.1% stake in Adani Electricity, which supplies power to large parts of Mumbai. <\/p>\n<p>The latest investment from the $450-billion Qatari fund serves as a vote of confidence for Adani, who has been making a comeback after a report by Hindenburg Research rocked his infrastructure empire earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Qatar&#8217;s sovereign wealth fund has invested Rs 3,920 crore ($474 million) for a 2.7% stake in billionaire Gautam Adani&#8217;s renewable energy unit as the oil-rich Gulf investor increases its bet on the fast-growing Indian market. This is the Qatari fund&#8217;s second investment in Adani&#8217;s energy utility venture. In 2020, Qatar Investment Authority (QIA) infused Rs 3,200 crore ($450 million) for a 25.1% stake in Adani Electricity, which supplies power to large parts of Mumbai. The latest investment from the $450-billion Qatari fund serves as a vote of confidence for Adani, who has been making a comeback after a report [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-596501","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/596501","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=596501"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/596501\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=596501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=596501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=596501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}