New Delhi: French energy major TotalEnergies said on Wednesday that it sold a 1.7 percent stake in Adani Green Energy Ltd (AGEL) during the fourth quarter of calendar year 2025 as part of broader asset divestments that raised USD 2.08 billion. In its fourth quarter and full year 2025 earnings statement, TotalEnergies said it generated USD 2.08 billion in October–December 2025 from divestments.
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The divestments included “the non-operated interest in the Bonga field in Nigeria, the partial sale of an interest in Block SK408 in Malaysia, the sale of 50 percent stakes in renewable portfolios in the United States and Greece, and the sale of a 1.7 percent stake in Adani Green Energy,” the company said.
The company did not disclose further details of the stake sale in its earnings statement.
According to block deal data available on stock exchanges, TotalEnergies Renewables Indian Ocean, a subsidiary of TotalEnergies, sold 2.86 crore equity shares of Adani Green Energy on December 10 through block deals. The shares were sold at Rs 970 apiece, aggregating to Rs 2,778.09 crore.
Following the transaction, TotalEnergies’ holding in Adani Green Energy declined to 17.25 percent from 18.99 percent. TotalEnergies holds its stake in AGEL through two affiliates — TotalEnergies Solar Wind Indian Ocean Ltd and TotalEnergies Renewables Indian Ocean Ltd.
TotalEnergies had acquired a minority interest in the listed Adani Green Energy Ltd in January 2021 as part of its strategy to expand its renewable energy presence in India through access to a portfolio of operating and development assets.
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In addition to the equity investment in AGEL, TotalEnergies had acquired 50 percent stakes in three joint ventures operating renewable assets — AGEL23 in 2020, AREL9 in 2023 and AREL64 in 2024.
In its earnings statement on Wednesday, TotalEnergies did not specify the reason for divesting the 1.7 percent stake in Adani Green Energy.
