{"id":295890,"date":"2019-10-14T10:54:43","date_gmt":"2019-10-14T05:24:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=295890"},"modified":"2019-10-14T10:54:43","modified_gmt":"2019-10-14T05:24:43","slug":"total-sa-to-buy-37-4-stake-in-adani-gas-for-nearly-rs-5700-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/total-sa-to-buy-37-4-stake-in-adani-gas-for-nearly-rs-5700-crore\/","title":{"rendered":"Total SA to buy 37.4% stake in Adani Gas for nearly Rs 5,700 crore"},"content":{"rendered":"<p>French oil major Total SA has signed definitive agreement to buy 37.4 per cent stake in Gautam Adani-led Adani Gas for about Rs 5,700 crore. <\/p>\n<p>Total will purchase the shares in Adani Gas through a tender offer to public shareholders to acquire up to 25.2 per cent shares, subject to applicable regulations and purchase the residual shares from Adani Family. <\/p>\n<p>&#8220;Adani Family and Total SA shareholders shall ultimately hold 37.4 per cent each and public shareholders shall hold remaining 25.2 per cent, &#8221; Adani Gas said in a statement on Monday. The deal will be the largest foreign direct investment in India&#8217;s city gas distribution (CGD), making it one of the largest downstream energy partnership too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>French oil major Total SA has signed definitive agreement to buy 37.4 per cent stake in Gautam Adani-led Adani Gas for about Rs 5,700 crore. Total will purchase the shares in Adani Gas through a tender offer to public shareholders to acquire up to 25.2 per cent shares, subject to applicable regulations and purchase the residual shares from Adani Family. &#8220;Adani Family and Total SA shareholders shall ultimately hold 37.4 per cent each and public shareholders shall hold remaining 25.2 per cent, &#8221; Adani Gas said in a statement on Monday. The deal will be the largest foreign direct investment [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-295890","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=295890"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295890\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=295890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=295890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=295890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}