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France's Total close to buying 30% in Adani Gas for more than $800 mln - TOI


Reuters


June 14 Reuters - French energy giant Total SA is close to acquiring a 30% stake in Indian gas distribution company Adani Gas for upwards of rupees 5,500 crore$800 million, the Times of India on Friday (graphic).

The deal is expected to trigger an open offer to public shareholders of Adani Gas, and Total may end up having a roughly equal stake in the company as billionaire promoter Gautam Adani, the report said.

Adani Gas, an arm of Adani Group, operates a distribution pipeline network of over 6,000 km and caters to nearly 350,000 retail customers, the report said.






This article appears in: World Markets , Stocks , Economy , Technology



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