Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Oct 15, 2019 08:21 PM IST | Source: Moneycontrol.com

3-Point Analysis | French firm Total SA picks 37.4% stake in Adani Gas

The Rs 5,700-crore agreement is one of the largest foreign direct investment deals in the Indian city gas distribution sector.

French petroleum refining company, Total S.A., has signed an agreement to acquire 37.4 percent stake in Adani Gas. The Rs 5,700-crore agreement is one of the largest foreign direct investment deals in the Indian city gas distribution sector.

Total, the second-largest liquefied natural gas (LNG) company in the world, said that it would look to develop the natural gas sector in India through the partnership with Adani Group.

Moneycontrol's Sakshi Batra does a 3-Point Analysis to understand the broad contours of the deal and what it means for Adani Group.

Close
Watch the video for more.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Oct 15, 2019 08:21 pm
Loading...
Sections
Follow us on
Available On
Trusted By 1cr Families
Medlife Health Comes Home