{"id":296057,"date":"2019-10-14T13:07:10","date_gmt":"2019-10-14T07:37:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296057"},"modified":"2019-10-14T13:07:10","modified_gmt":"2019-10-14T07:37:10","slug":"total-buys-37-4-per-cent-stake-in-adani-gas-for-rs-6155-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/total-buys-37-4-per-cent-stake-in-adani-gas-for-rs-6155-crore\/","title":{"rendered":"Total buys 37.4 per cent stake in Adani Gas for Rs 6,155 crore"},"content":{"rendered":"<p>French oil and gas giant Total S A has acquired a 37.4% stake in Adani Gas Ltd, the listed gas unit of the diversified Adani Group, for \u20b96,155 crore as it bets big on India\u2019s shift towards a gas-based economy to address climate change concerns by using cleaner and greener fuels.<\/p>\n<p>The deal gives Total joint control of Adani Gas. The acquisition is the largest foreign direct investment in India\u2019s city gas distribution (CGD) sector. <\/p>\n<p>Total, the world\u2019s second-largest LNG company, will purchase 37.4% shares in Adani Gas through a tender offer to public shareholders to acquire up to 25.2% shares at \u20b9149.63 per share, subject to applicable regulations and purchase the residual shares from the Adani Family.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>French oil and gas giant Total S A has acquired a 37.4% stake in Adani Gas Ltd, the listed gas unit of the diversified Adani Group, for \u20b96,155 crore as it bets big on India\u2019s shift towards a gas-based economy to address climate change concerns by using cleaner and greener fuels. The deal gives Total joint control of Adani Gas. The acquisition is the largest foreign direct investment in India\u2019s city gas distribution (CGD) sector. Total, the world\u2019s second-largest LNG company, will purchase 37.4% shares in Adani Gas through a tender offer to public shareholders to acquire up to 25.2% [&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":[130],"tags":[],"class_list":["post-296057","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296057","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=296057"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296057\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}