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Total has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group.
The transaction marks the deepening partnership between the Adani Group – India’s leading infrastructure platform – and Total, in the transition and green energy fields in India. The investment in AGEL is another step in the strategic alliance between the companies, which covers investments in LNG terminals, gas utility business, and renewable assets across India. This is in-line with the commitment of both Adani and Total to be leading participants in the sustainable economy of the future and help India in its quest for development of renewable energy.
IndiaTamil-naduAdani-green-energy-limitedAdani-groupAdani-gasAdani-gas-limitedஇந்தியாதமிழ்-நாடுஅதானி-பச்சை-ஆற்றல்-வரையறுக்கப்பட்டவைஅதானி-குழுஅதானி-வாயுFrench 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.
AhmedabadGujaratIndiaFranceTamil-naduFrenchGautam-adaniLatham-watkinsCyril-amarchand-mangaldasPatrick-pouyanneAdani-green-energyAdani-group