Shares of Adani Green Energy are in focus Tuesday morning after Patrick Pouyanné, Chairman and CEO of TotalEnergies, indicated the French firm may sell part of its stake in the Adani group company to capitalise on rising valuations, Bloomberg reported.

Data showed Totalenergies Renewables Indian Ocean Ltd owned 15.79 per cent stake while Totalenergies Solar Wind Indian Ocean Ltd held another 3.46 per cent stake in the company as on June 30. Advertisement

In a press release, TotalEnergies said it intends to focus its investments on the main deregulated markets (United States, Europe, Brazil) in which the Company deploys its integrated model.

TotalEnergies said it implemented with consistency its balanced and profitable transition strategy, anchored on two pillars: Oil & Gas, mainly LNG,

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