Other notable participants included Amity Holdings, Cohesion MK Best Ideas Sub-Trust, Four Dimensions Securities, GeeCee Ventures, Authum Investment & Infrastructure and several prominent family offices and individual investors.
The deal signals continued institutional interest in Adani Green, despite the stock’s volatile performance this year.
For TotalEnergies, the transaction is part of the rebalancing of its renewable energy portfolio. The French energy group remains a long-term strategic partner of the Adani Group in several green energy projects, although the latest sell-off reduces its exposure to the listed entity.
Adani Green’s share price has been under pressure over the past year. The stock is down 17.85% in the last twelve months and 4.50% since the beginning of the year. Interest rates have also fallen by 3.34% over the past six months. A modest recovery of 5.93% over the past three months would have suggested some stability, but the stock fell 5.72% over the past month, reflecting continued volatility.
The company remains a cornerstone of Adani Group’s green energy ambitions, with one of India’s largest renewable energy portfolios across solar, wind and hybrid projects. Analysts say that while long-term growth remains strong, near-term sentiment is still affected by broader market weakness, high valuations of renewable names and global risk offs.
Adani Group reported a strong first half for FY26, driven by record investments, higher operating results and continued improvement in credit quality across its core infrastructure businesses.
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