Adani Green Energy: TotalEnergies likely sells 1.7% stake for ₹2,718 cr

• Adani Green Energy (AGEL) saw a block deal of 1.7% equity, valued at Rs 2,718 crore.
• Approximately 2.8 crore AGEL shares were sold at Rs 970 each, a 2.9% discount.
• French energy major TotalEnergies is the likely seller in the AGEL block deal.
• TotalEnergies previously held 18.99% in AGEL and considered selling up to 6% to book gains.
• The partnership between AGEL and TotalEnergies began in 2020 with joint ventures.

Why It Matters: Large stake sale in Adani Green Energy impacts its ownership and investor sentiment.