TotalEnergies plans to offload a 6% stake in Adani Green Energy, aiming to realize profits from its investment. This move reflects the company's strategy to reduce debt and optimize its portfolio.

TotalEnergies has announced plans to sell up to a 6% stake in Adani Green Energy (AGEL), where it currently holds approximately 19%. The French energy giant originally invested $2.5 billion in AGEL in 2021, and the stake is now valued at about $8 billion. This sale could generate around ₹10,200 crore (approximately $1.14 billion) for TotalEnergies. The decision aligns with TotalEnergies' broader strategy to reduce its debt burden and optimize its investment portfolio. Despite AGEL's growth and strong market position, TotalEnergies' CEO has indicated a reluctance to expand their partnership further. The company is also exploring the sale of other renewable assets in Asia as part of its financial restructuring efforts.