Adani Green sees Rs 2,178-crore block deal; TotalEnergies likely the seller

Shares of Adani Green Energy Ltd (AGEL) on Tuesday, December 10, witnessed a block deal in early trade where TotalEnergies likely offloaded a 1.4% stake in the company worth Rs 2,178 crore.

Reportedly, 2.24 crore shares changed hands at a price of Rs 970 per share.

According to previous reports by CNBC TV-18, the transaction was supposed to involve the sale of approximately 2.47 crore shares at a floor price of Rs 970 per share, translating into a deal size of nearly Rs 2,400 crore.


Post the block deal, Adani Green Energy shares were trading 1.3% higher at Rs 1,012.40 on the BSE.

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.

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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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