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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar fund in talks for 10pct stake in Hinduja Power

Posted on 22 January 2010

From Livemint.com: Qatar Investment Authority, or QIA, the sovereign investment fund promoted by the emirate’s ruling family, is in the final stages of negotiations to purchase a 10% stake in Hinduja National Power Corp. Ltd, or Hinduja Power, said two persons familiar with the development.
The fund will pay Rs200 crore($44 million) , at Rs40 a share, for the stake in the company that’s building a 1,040 MW coal-based energy plant at Visakhapatnam in Andhra Pradesh……………………………….Full Article: Source

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