According to a report by CNBC-TV18, the French energy major TotalEnergies is executing the sale via block deals, with Jefferies acting as the broker to the transaction.
The stake sale is expected to take place on the exchanges during Wednesday’s trading session, subject to market conditions and buyer interest.
As of the latest shareholding pattern available on the exchange websites, TotalEnergies, via its 2 subsidiaries, Totalenergies Renewables Indian Ocean Ltd and Totalenergies Solar Wind Indian Ocean Ltd, holds a 15.58% and a 3.41% stake respectively, in Adani Green Energy.
The promoters of Adani Green hold a 62.4% stake in the company, while 37.6% stake is held by the public shareholders.
Adani Green Energy share price history
Over the past year, the stock has seen a significant decline of 17.85%, reflecting the broader pressures faced during the period. On a year-to-date (YTD) basis, the stock is down 4.50%, indicating continued challenges throughout the calendar year.
The past six months have also been difficult, with the stock slipping 3.34%. However, in the last three months, there has been a glimmer of recovery, with the stock registering a 5.93% gain. That said, the past month alone saw a sharp decline of 5.72%, suggesting that volatility remains high despite recent signs of stability.
On Tuesday, Adani Green shares closed flat at Rs 999.55 on the BSE.
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