Energy Firm TotalEnergies Says Not Re-Evaluating Investment In Adani Companies

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Energy Firm TotalEnergies Says Not Re-Evaluating Investment In Adani Companies

The firm said its investment in Adani entities was undertaken in compliance with the Indian laws. (File)

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 were undertaken in full compliance with the Indian laws and its own internal governance processes.

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

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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