French energy group Total buys 20% stake in Adani Green
French energy major Total SE has acquired 20% stake in Adani NSE 3.71 % Green Energy (AGEL) by buying shares held by the Gautam Adani-led promoter group, the Indian conglomerate said on Monday.
Prior to this, Total acquired 50% stake in a joint venture with AGEL that had a portfolio of 2.35 gigawatts (gw) of solar power assets. Adani said that TOTAL’s total investment in the stake in the joint venture earlier and in Adani Green now stands at $2.5 billion.
