Total picks 20% stake in Adani Green Energy
January 18, 2021
A view of Adani Green Energy plant in Ramanathapuram district - THE HINDU×
French energy major gets a board seat French energy major Total SE on Monday announced acquisition of minority stake 20 per cent in Adani Group’s renewable energy arm, Adani Green Energy Limited (AGEL).
Following the stake-buy, Total will have a seat on the board of directors of the company.
As per the transaction, Total acquired the shares held by the Adani Promoter Group in AGEL. “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,” a Total statement said.
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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.