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French oil company Total to buy stake in Adani Gas. Photo: Reuters (REUTERS)
French oil company Total to buy stake in Adani Gas. Photo: Reuters (REUTERS)

French energy company Total to buy 37.4% stake in Adani Gas

  • Total will buy up to 25.2% in Adani Gas from public shareholders
  • The French company will buy the remaining 12.2% from Adani Family

Adani Gas said on Monday French energy giant Total SA would buy a 37.4% stake in the Indian gas distribution company.

Total will buy up to 25.2% in Adani Gas from public shareholders at 149.63 per share, valuing the stake at 41.47 billion ($584.80 million).

The French company will buy the remaining 12.2% from Adani Family, according to a statement.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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