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Qatar Investment Authority picks 25% stake in Adani Transmission arm

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Mumbai: Qatar Investment Authority has agreed to buy a minority stake of 25.1% in Adani Electricity Mumbai Limited (AEML) — the flagship power transmission and distribution asset in Gautam Adani’s empire. The 14-year-old sovereign wealth fund of the oil-rich Gulf nation will invest Rs 3,200 crore for a minority, valuing the business at around Rs 13,000 crore, Adani Transmission said in a regulatory filing.

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