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Qatar Funding Authority buys stake in Adani Inexperienced Energy

The Qatar Funding Authority (QIA) has got a 2.7% stake in Adani Inexperienced Energy. It purchased 42,604,601 shares at a group apart of INR 920 ($11.10) per piece.

Adani’s characterize voltaic energy project

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Adani’s characterize voltaic energy project

Image: Adani Inexperienced Energy

From pv magazine India

The QIA, the sovereign wealth fund of Qatar, has sold a 2.7% stake in Adani Inexperienced Energy Ltd (AGEL), the renewable energy unit of Indian conglomerate Adani Crew, via its subsidiary, INQ Maintaining LLC.

INQ Maintaining LLC sold 42,604,601 shares of Adani Inexperienced Energy at a group apart of INR 920 per piece from Infinite Commerce and Funding, a promoter entity of Adani Crew, for a complete amount of INR 39.2 billion.

Infinite Commerce and Funding sold 44.9 million shares in a block deal, lowering its equity in Adani Inexperienced Energy from 3.37% earlier to 0.5%.

In model express material

Adani Crew honest honest today agreed to invent 15 GW of renewables over the next few years in India.

Adani Photo voltaic, the PV unit of Adani Crew, honest honest today grew to change into India’s sole producer of huge-sized monocrystalline silicon ingots for M10 and G12 wafers. Adani Photo voltaic is a part of Adani New Industries Ltd. (ANIL), which is attempting to invent the realm’s ideal green hydrogen ecosystem

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