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 Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..