What is TotalEnergies' current stake in Adani Green Energy?

TotalEnergies currently holds almost 19% in Adani Green Energy through two subsidiaries.

Why is TotalEnergies considering selling part of its Adani Green stake?

The company is looking to book profits, as its initial $2.5 billion investment is now valued at approximately $8 billion.

How much could TotalEnergies make from selling a 6% stake in Adani Green?

A 6% stake sale could fetch around ₹10,200 crore (about $1.14 billion).

Home / Business and Economy / TotalEnergies eyes $8B Adani Green stake profit

TotalEnergies eyes $8B Adani Green stake profit

24 Nov

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Summary

TotalEnergies considers selling up to 6% of Adani Green.
Investment rose from $2.5 billion to an estimated $8 billion.
Potential sale could yield approximately $1.14 billion.

TotalEnergies eyes $8B Adani Green stake profit

French energy major TotalEnergies is reportedly exploring the possibility of selling a portion of its stake in Adani Green Energy. Sources familiar with the matter indicate that the company is considering divesting up to 6% of its holdings in the Indian renewable energy firm.

TotalEnergies initially invested approximately $2.5 billion in Adani Green Energy in 2021. This investment has since seen substantial growth, with the stake now valued at an estimated $8 billion. The potential sale aims to capitalize on this appreciation and book profits.

The French company currently holds nearly 19% of Adani Green Energy through two subsidiaries. The proposed stake sale might be offered directly to Adani Green for evaluation, though details remain unconfirmed as neither company has responded to requests for comment.

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