Total SA
Total will buy up to 25.2 per cent in Adani Gas from public shareholders at 149.63 rupees per share, representing an 8.7 per cent premium to the stock’s last close and valuing the stake at 41.47 billion rupees (USD 585 million). It will also buy another 12.2 per cent stake from the Adani family at an undisclosed price, according to stock exchange filings.
Energy giant Total to buy 37 per cent stake in Adani Gas
14 Oct 2019 3:31 PM

Total is the third foreign oil major to enter India’s gas sector after BP Plc and Shell.

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