Qatar fund to buy 25% in Adani Electricity for Rs 3,200 crore

Qatar’s sovereign wealth fund will buy 25.1% in Adani Electricity, which supplies power to large parts of Mumbai, for Rs 3,200 crore ($450 million). The deal, which also includes quasi-equity loans, values Adani Electricity at Rs 12,800 crore.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/36Cn1Qv