Market Performance: Stock Market Today Sees Early Pressure on Adani Green
The Indian stock market opened with a cautious undertone, and renewable energy stocks were among the early movers.
Adani Green Energy's share price edged lower in the morning session after a report surfaced about a potential stake sale by TotalEnergies.
Adani Green shares dipped a little over 1%, trading near ₹1,018.6 on November 24.
The reaction was quick, reflecting how sensitive the stock remains to large institutional moves and global energy developments.
With a market capitalisation of ₹1.69 lakh crore, the mood around the counter shifted as soon as news of the stake transaction came out.
Main News: Report Signals TotalEnergies May Sell 6% Stake
The highlight of the day was a report stating that TotalEnergies is considering selling up to a 6% stake in Adani Green Energy.
The development drew immediate attention because of the scale of the holding and its potential impact on the ownership structure.
At Adani Green’s current valuation, this 6% stake is estimated to be worth around ₹10,200 crore (approximately $1.14 billion).
The report also mentioned that the proposed stake may be evaluated by Adani Green.
TotalEnergies originally invested $2.5 billion in 2021, and the value of that investment has since risen to nearly $8 billion, according to the report.
The company had earlier outlined its plan to reduce annual capital spending by $1 billion and divest additional power assets, which kept the market watchful of any movement involving its renewable portfolio.
Currently, TotalEnergies holds close to 19% in Adani Green through two subsidiaries:
- 15.58% via TotalEnergies Renewables Indian Ocean Ltd
- 3.41% via TotalEnergies Solar Wind Indian Ocean Ltd
Together, these holdings give the French energy major a significant presence in the renewable venture.
Company Details: Adani Green Energy’s Renewable Footprint
Adani Green Energy has grown rapidly since its inception in 2015, emerging as one of India’s largest renewable energy players.
Its operations span solar, wind, and hybrid energy projects, with a strong pipeline that keeps the company in focus during major sector updates.
The company currently has over 16.6 GW of operational renewable capacity.
Its broader ambition is to scale this up to 50 GW by 2030, making it a central name in India’s clean-energy expansion.
TotalEnergies’ entry into Adani Green’s portfolio in 2021 included acquiring a 20% minority stake along with 50% ownership in over 2 GW of operational solar assets.
This investment aligned with the global energy major’s push toward renewable transformation and also provided it with a board seat at Adani Green Energy.
Summary: A Key Ownership Move Adds Short-Term Volatility
Adani Green shares saw mild pressure after a report indicated that TotalEnergies may sell up to a 6% stake.
Trading near ₹1,018.6, the stock reacted to the update as markets factored in the possibility of a major shareholder reshaping its holding.
The estimated value of the stake is around ₹10,200 crore, capturing interest across the renewable energy segment.
With TotalEnergies currently owning close to 19%, any shift in its holding naturally becomes market-sensitive.
For now, the focus stays on the reported development, the company’s existing renewable capacity of 16.6 GW, and its long-term expansion roadmap.
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