Adani Green Energy has disclosed a significant stake sale by TotalEnergies Renewables Indian Ocean Ltd, marking the materialization of the French energy giant's earlier expressed openness to divesting its position in the Indian renewable energy company. The transaction, completed on December 10, 2025, represents a substantial reduction in TotalEnergies' shareholding.

Transaction Details

The regulatory filing reveals the specifics of TotalEnergies' divestment in Adani Green Energy:

Shareholding Changes

The sale has resulted in a notable shift in TotalEnergies' ownership structure within Adani Green Energy:

Regulatory Compliance

TotalEnergies Renewables Indian Ocean Ltd, along with its Person Acting in Concert (PAC) TotalEnergies Solar Wind Indian Ocean Ltd, has filed the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Director MIREMONT Carine from Mauritius.

Company Profile

Adani Green Energy Limited operates in the Power Generation & Distribution sector with a total equity share capital of ₹16,47,17,61,550, comprising 1,64,71,76,155 equity shares of ₹10.00 face value each. The company maintains its listing on both National Stock Exchange of India Limited and BSE Limited.

Historical Context

The disclosure notes that TotalEnergies' previous regulatory filing was made on January 22, 2021, when the combined holding of the seller and PAC was 20.00%. The shareholding had been diluted to 18.99% due to further allotments of securities by Adani Green Energy before this recent sale transaction.

This transaction fulfills TotalEnergies CEO's earlier statements about the company's openness to divesting its stake in Adani Green Energy, which had been characterized as a profitable investment.

Adani Green Energy Limited executed a substantial block trade on the National Stock Exchange (NSE), marking significant institutional trading activity in the renewable energy sector. The transaction represents one of the notable market movements for the company.

Block Trade Details

The NSE block trade involved substantial volume and value, demonstrating active institutional participation in Adani Green Energy shares.

Market Significance

Block trades typically represent large institutional transactions executed outside the regular market to minimize price impact. Such transactions often involve mutual funds, insurance companies, foreign institutional investors, or other large market participants. The execution price of ₹995.70 per share reflects the prevailing market conditions at the time of the transaction.

The substantial volume of over 512,000 shares indicates significant institutional interest in Adani Green Energy, which operates in the renewable energy sector. Block trades of this magnitude often signal strategic portfolio adjustments by large investors or institutional rebalancing activities.