InvestorQ : How do you see the Adani Green Energy stock after its latest stake sale to an international company? Will price go up from here?
Khushi Patel made post

How do you see the Adani Green Energy stock after its latest stake sale to an international company? Will price go up from here?

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Anjana Aiyar answered.
1 year ago
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It was reported that the French oil and gas major, Total SA, will acquire a 50% stake in Adani Group’s solar business for $510 million. This will rank as the biggest alternative energy deal in the Indian space. Currently, Adani Green Energy has 2,148 MW solar power projects spread across 11 states. This deal is expected to be positive for the Adani group in general and the Adani Green Energy in particular. The deal will give a benchmark to value these stocks and may also justify the rapid rally in the stock. Also Adani Green Energy has surely learnt from the lessons of Suzlon and will look at a less debt intensive growth in the alternative energy space.

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