QIA Acquires Over 2.5% Stake in Adani Green Energy

09 Aug 2023 CW Team

In a recent open market transaction, Infinite Trade and Investment, a promoter group entity associated with Adani Green Energy, divested a 2.8% stake in the company for ₹41.31 billion. This transaction amounted to 4,48,82,500 shares, equivalent to 2.8% of the total outstanding shares, sold at a price of ₹920.43 per share. INQ Holding LLC, a wholly-owned subsidiary of Qatar Investment Authority, acquired 4.26 crore shares, equivalent to 2.68% of Adani Green Energy, at an average cost of ₹920 per share. The total value of this transaction reached ₹39.2 billion.

Consequently, Infinite Trade and Investment's ownership in Adani Green Energy decreased from 3.37% to 0.57%. As of the end of the June quarter, the combined ownership of promoters and the promoter group constituted 56.27% of the company's shares. It is noteworthy that Qatar Investment Authority (QIA) ranks among the world's largest sovereign funds, according to insiders familiar with the matter.

Adani Green Energy Ltd (AGEL) presently operates a renewable energy capacity of 8.3 GW and has a total locked-in portfolio of 20.4 GW. The company is actively pursuing the target of reaching a capacity of 45 GW by FY30. Gautam Adani, Chairman of Adani Group, reiterated the commitment to this goal, emphasizing the company's dedication to producing cost-effective energy. On the trading front, Adani Green's share price experienced a decline of 4.69%, closing at ₹965.05 per share on the Bombay Stock Exchange (BSE) on Monday.

Qatar Investment Authority (QIA), a prominent sovereign wealth fund, has recently obtained a stake in Adani Green Energy Ltd, surpassing 2.5% of the company's ownership with an investment exceeding USD 500 million, as indicated by sources within the industry. The acquisition aligns with QIA's emphasis on environmental, social, and governance (ESG) considerations and marks its second investment in Adani Group enterprises. The initial investment was made in Adani Electricity Mumbai Ltd. (AEML), wherein QIA purchased a 25.1% share in 2020. AEML, a subsidiary of Adani Energy Solutions Ltd, manages Mumbai's energy distribution services. In a recent open market transaction, Infinite Trade and Investment, a promoter group entity associated with Adani Green Energy, divested a 2.8% stake in the company for ₹41.31 billion. This transaction amounted to 4,48,82,500 shares, equivalent to 2.8% of the total outstanding shares, sold at a price of ₹920.43 per share. INQ Holding LLC, a wholly-owned subsidiary of Qatar Investment Authority, acquired 4.26 crore shares, equivalent to 2.68% of Adani Green Energy, at an average cost of ₹920 per share. The total value of this transaction reached ₹39.2 billion. Consequently, Infinite Trade and Investment's ownership in Adani Green Energy decreased from 3.37% to 0.57%. As of the end of the June quarter, the combined ownership of promoters and the promoter group constituted 56.27% of the company's shares. It is noteworthy that Qatar Investment Authority (QIA) ranks among the world's largest sovereign funds, according to insiders familiar with the matter. Adani Green Energy Ltd (AGEL) presently operates a renewable energy capacity of 8.3 GW and has a total locked-in portfolio of 20.4 GW. The company is actively pursuing the target of reaching a capacity of 45 GW by FY30. Gautam Adani, Chairman of Adani Group, reiterated the commitment to this goal, emphasizing the company's dedication to producing cost-effective energy. On the trading front, Adani Green's share price experienced a decline of 4.69%, closing at ₹965.05 per share on the Bombay Stock Exchange (BSE) on Monday. See also: Builder.ai raises $250m in Series D fundingAdani Transmission sells 25.1 per cent stake in arm AEML to QIA for Rs.32.20 bn

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..