TotalEnergies says not re-evaluating investment in Adani companies

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New Delhi:  French energy giant TotalEnergies, which had in past years taken stakes in two Adani group listed firms, on Friday said it has not performed any re-evaluation of its holdings because of volatility in stock prices following allegations of fraud.

In a statement, the French firm said its investment in Adani group entities was undertaken in full compliance with the Indian laws and its own internal governance processes.

The company has a 37.4 percent stake in Adani Total Gas Ltd and a 20 percent holding in Adani Green Energy Ltd.


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