Qatar Investment Authority acquires over 2.5% stake in Adani Green Energy

Adani Green Energy Ltd. | Power Generation/Distribution | Power | BSE: 541450 | NSE: ADANIGREEN

08 Aug 2023 Evaluate

Qatar Investment Authority (QIA) has picked up more than 2.5 per cent stake in Adani Green Energy (AGEL) for around $500 million. This is the second investment by the ESG-focused (environmental, social and governance) fund in an Adani Group company after Adani Electricity Mumbai (AEML). In 2020, QIA acquired a 25.1 per cent stake in AEML, a subsidiary of Adani Energy Solutions which owns the electricity distribution business in Mumbai, India.

Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.

Peers

Company Name	CMP
NTPC	329.10
Tata Power	363.40
Adani Power	203.75
Power Grid Corpn.	264.85
Adani Energy Solut.	1360.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.