Qatar Investment Authority, Qatar's state-owned holding company, agreed to acquire a 25% stake in Adani Transmission, the transmission and distribution business arm of the Adani Group, for $450m. "We believe that Adani Electricity Mumbai Limited is the best-in-class electricity utility in India and has tremendous potential for growth. We look forward to a long term partnership with the Adani Group, with whom we share an inter-generational perspective on investments and a common vision for the sustainable growth and continued success of AEML," Mansoor Al-Mahmoud, QIA Chief Executive Officer.