French energy company Total to buy 37.4% stake in Adani Gas
1 min read . Updated: 14 Oct 2019, 09:02 AM IST- 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).
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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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