Adani Green Energy Ltd (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, is likely to see block deals worth Rs 2,400 crore on Wednesday, December 10, as Total Energies is reportedly looking to sell 1.5 per cent stake or 2.47 crore shares in the Adani group firm via block deals. Jefferies is said to be the broker. Floor price, as per CNBC Awaaz, is set at Rs 970 per share. Advertisement

Investment vehicle Totalenergies Renewables Indian Ocean Ltd held 15.58 per cent stake in AGEL, as of September 30. Besides, Totalenergies Solar Wind Indian Ocean Ltd owned 3.41 per cent stake in the Adani firm during the same period.

TotalEnergies is developing solar and onshore wind projects, mainly through joint-venture with Adani Green Energy in India. It also m

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