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France's Total close to buying 30% in Adani Gas for Rs 5,500 crore: Report

The deal is expected to trigger an open offer to public shareholders of Adani Gas, and Total may end up having a roughly equal stake in the company as billionaire promoter Gautam Adani, the report sai

Reuters 

Gautam Adani-led Adani Enterprises is the largest  airport operator in India
Gautam Adani

 French is close to acquiring a 30% stake in Indian company Gas for upwards of rupees 5,500 crore ($800 million), of India reported on Friday.

The deal is expected to trigger an open offer to public shareholders of Gas, and Total may end up having a roughly equal stake in the company as billionaire promoter Gautam Adani, the report said.

Gas, an arm of Adani Group, operates a of over 6,000 km and caters to nearly 350,000 retail customers, the report said.

Total and were not immediately available for comment.

 

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, June 14 2019. 08:16 IST
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