Special Offer!

Stake sale trims TotalEnergies’ holding as investor interest surges in Adani Green.

TotalEnergies Offloads 1.74% Stake in Adani Green for ₹2,778 Crore

TotalEnergies has sold a 1.74% stake in Adani Green Energy Ltd (AGEL) for ₹2,778 crore through an open-market transaction. The shares were divested at an average price of ₹1,970 each. Following the sale, the French energy giant’s total holding in the renewable energy company has fallen from 18.99% to 17.25%, held through its affiliates TotalEnergies Solar Wind Indian Ocean Ltd and TotalEnergies Renewables Indian Ocean Ltd. The block deal saw strong participation from institutional and individual investors, including Madhu Kela’s Cohesion Asset Management, Edelweiss Mutual Fund, Quant Mutual Fund, Vanguard, BNP Paribas Financial Markets, Authum Investment & Infrastructure, Amity Holdings, and Four Dimensions Securities. Despite the high-value transaction, shares of Adani Green Energy closed 1.14% lower at ₹987.50 on the NSE. The sale comes amid growing global interest and activity in India’s renewable energy sector.