Hedge Funds & Alternative Investments
Sovereign wealth
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Qatar wealth fund buys 25.1% of India power firm for US$450 million
Qatar Investment Authority, the Gulf country’s sovereign wealth fund, is acquiring a 25.1% stake in Adani Electricity Mumbai from the Indian firm’s parent company Adani Transmission for US$450 million. The deal also includes “definitive plans” to ensure that over 30% of electricity supplied by Adani Electricity Mumbai will come from…
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