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Total agrees to buy 20% stake in Adani Green Energy
short by Kiran Khatri / on Monday, 18 January, 2021
French energy firm Total has agreed to buy a 20% minority stake in Adani Green Energy (AGEL) from Adani Group. The purchase will give Total a seat on AGEL's board of directors. AGEL has a market capitalisation of about ₹1.48 lakh crore, and a 20% stake in the company would be worth around ₹30,000 crore as per current market prices.