QIA buys 2.7% stake in Adani Green Energy


Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, has taken a 2.7% stake in Adani Green Energy through its subsidiary company, INQ Holding LLC.

INQ Holding LLC bought 42,604,601 shares of Adani Green Energy at a price of INR 920 per share from Infinite Trade and Investment, a promoter entity of Adani Group, for a total amount of INR 39.2 billion ($473.36 million).

Infinite Trade and Investment sold 44.9 million shares in a block deal, reducing its equity in Adani Green Energy from 3.37% earlier to 0.5%.

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