French energy company Total to buy 37.4% stake in Adani Gas
Adani Gas said on Monday French energy giant Total SA would buy a 37.4% stake in the Indian gas distribution company.
Total will buy up to 25.2% in Adani Gas from public shareholders at ₹149.63 per share, valuing the stake at ₹41.47 billion ($584.80 million).
The French company will buy the remaining 12.2% from Adani Family, according to a statement.
