Adani Green Energy shares in focus as TotalEnergies considers Rs 10,200 crore stake sale

TotalEnergies currently holds nearly 19% in AGEL through two subsidiaries — 15.58% via TotalEnergies Renewables Indian “TotalEnergies had picked up its stake in AGEL in 2021 for around $2.5 billion, and that holding is now valued at close to $8 billion. They are looking to realise part of those gains,” an industry executive aware of the discussions told The Economic Times. At AGEL’s current market capitalisation of Rs 1.69 lakh crore, a 6% sale could bring in around Rs 10,200 crore (about USD 1.14 billion) ...