TotalEnergies Sells 1.7% Stake in Adani Green Energy for ₹2778 Cr

• TotalEnergies sold a 1.7% stake in Adani Green Energy for ₹2778 crore.
• The transaction occurred on December 10 through block deals to 17 investors.
• Quant Mutual Fund was the largest buyer, acquiring 1.23% for ₹1200 crore.
• Other investors included BNP Paribas, Edelweiss Mutual Fund, Vanguard, and Amity Holdings.
• TotalEnergies previously held an 18.99% stake in Adani Green Energy and formed joint ventures for renewable projects.

Why It Matters: TotalEnergies' stake sale in Adani Green Energy reflects changing investor strategy.