{"id":296061,"date":"2019-10-14T13:07:48","date_gmt":"2019-10-14T07:37:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296061"},"modified":"2019-10-14T13:07:48","modified_gmt":"2019-10-14T07:37:48","slug":"french-energy-giant-total-to-buy-37-stake-in-adani-gas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/french-energy-giant-total-to-buy-37-stake-in-adani-gas\/","title":{"rendered":"French energy giant Total to buy 37% stake in Adani Gas"},"content":{"rendered":"<p>MUMBAI: Total has agreed to buy a 37.4-per cent stake in India&#8217;s Adani Gas, the two firms said on Monday, with the French giant spending $600 million to expand its access to the energy-hungry country.<br \/>\nThe Indian firm, part of the Adani Group conglomerate, is one of the four main distributors of city gas in the country, and plans to increase its coverage to six million homes and 1,500 outlets to supply vehicles over the next decade.<br \/>\nUnder the terms of the deal, Total will make an open offer to Adani Gas shareholders to purchase up to 25.2 percent before buying the remaining equity from the company, leaving the French and Indian firms with an equal share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Total has agreed to buy a 37.4-per cent stake in India&#8217;s Adani Gas, the two firms said on Monday, with the French giant spending $600 million to expand its access to the energy-hungry country. The Indian firm, part of the Adani Group conglomerate, is one of the four main distributors of city gas in the country, and plans to increase its coverage to six million homes and 1,500 outlets to supply vehicles over the next decade. Under the terms of the deal, Total will make an open offer to Adani Gas shareholders to purchase up to 25.2 percent before [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-296061","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296061","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=296061"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296061\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}