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Adani Transmission Limited (ATL) on Tuesday announced that Qatar Investment Authority (QIA) has completed acquisition of 25.10 per cent stake in Adani Electricity Mumbai Limited (AEML) from ATL along with an investment in shareholder subordinated debt in AEML on February 10, 2020.
The total QIA investment in AEML is Rs 3,220 crore (approximately $452 million), which includes equity consideration of approximately Rs 1,210 crore (nearly $170 million) and shareholder subordinated debt of $282 million (approximately Rs 2,010 crore).
The definitive agreements for the transaction were signed on December 11, 2019, and all the requisite approvals were received subsequently.
AEML has
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