Strange IndiaStrange India



Energy Firm TotalEnergies Says Not Re-Evaluating Investment In Adani Companies 1
The firm said its investment in Adani entities was undertaken in compliance with the Indian laws. (File)New Delhi: French energy giant TotalEnergies, which had in past years taken stakes in two Adani group listed firms, on Friday said it has not performed any re-evaluation of its holdings because of volatility in stock prices following allegations of fraud.In a statement, the French firm said its investment in Adani group entities were undertaken in full compliance with the Indian laws and its own internal governance processes.The company has a 37.4 per cent stake in Adani Total Gas Ltd and a 20 per cent holding in Adani Green Energy Ltd.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)Featured Video Of The DayBudget 2023: New vs Old Tax Regime – See What Has Changed



Source link

By AUTHOR

Leave a Reply

Your email address will not be published. Required fields are marked *