French energy major Total buys 37.4% stake in Adani Gas

In the largest foreign direct investment in city gas distribution sector by a global energy major, French multinational Total will buy 37.4 per cent stake in Adani Gas to develop multi-offerings in the Indian energy market.

France’s Total SA closes on $800 mn deal to acquire 30% stake in Adani Gas

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 crores ($800 million), the Times of India reported on Friday.