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Adani Green Energy Share: TotalEnergies may reduce its stake in Adani Green Energy

Adani Green Energy Share Price: Adani Green Energy, the company of the world’s third richest Gautam Adani, has given multibagger returns to its shareholders. Not only domestic but also big foreign companies have invested in this company. Including TotalEnergies, which has a 20 percent stake in Adani Green Energy. Total Energies has decided to sell some percentage of its stake in the company.

5 times increased investment
TotalEnergies had bought a 20 per cent stake in Adani Green Energy for $2 billion. The value of the company’s investment has increased from $2 billion to $10 billion by the end of August. The company has decided to book profit on investment. Under this, the company is going to reduce its stake in Adani Green Energy. However, Total Energy will continue to invest in Adani Green Energy.

150% return in 30 months
During the first wave of the Corona epidemic, the stock was trading at a rate of Rs 128 on 24 March. From there the stock went up to the level of Rs 3050 but is currently trading at Rs 2069. That is, in 30 months, the stock of Adani Green Energy has given a return of more than 15 times i.e. 1500 percent. Shares of Adani Green Energy have given 54 per cent return to investors in 2022 itself.

Adani’s focus on green energy
Gautam Adani has announced to invest $ 70 billion by 2030 in the supply chain of the renewable energy sector. Also, by the end of this decade, they aspire to become the world’s largest renewable energy producer.

Total Energy’s investment in Adani New Industries
In June this year, Total Energies has decided to buy 25 per cent stake in Adani New Industries, a related company of Adani Group, for an undisclosed amount, keeping it in the field of green hydrogen development.

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