CCI approves Total Group’s stake-buy of Adani Gas
The Competition Commission on Thursday said it has given approval to the acquisition of 37.4 percent shareholding and joint control by Total Group in Adani Gas.
The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates (Total Group) given the future of natural gas business in India.
“Total Group believes in the initiatives taken by the Government of India to increase the reliance on natural gas instead of petroleum-based products,” the Competition Commission of India (CCI) noted.
