TotalEnergies to offload 6% stake in Adani Green Energy

TotalEnergies plans to sell up to a 6% stake in Adani Green Energy, according to people familiar with the matter. The French energy company holds nearly 19% in the renewable energy firm and is looking to book gains after its $2.5-billion investment in 2021 rose in value to about $8 billion. The proposed stake may be offered to Adani Green for evaluation.