French energy major Total proposes to acquire 20% stake in Adani Green Energy
IANSJan 18, 2021, 12:46 IST
BCCL
Ahmedabad, Deepening its
strategic alliance in India's sustainable energy space, French energy major Total proposes to acquire 20% minority interest in Adani Green Energy Ltd. (AGEL).
The deal will be completed with Total acquiring shares held by the Adani Promoter Group in AGEL.
The transaction marks the deepening partnership between the
Adani Group and Total -- in the transition and green energy fields in India.
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The investment in AGEL is another step in the strategic alliance between Adani Group and Total, across various businesses and companies of the Adani Group, covering investments in LNG terminals, gas utility business, and renewable assets across India.