Adani Green sees large block transaction as foreign stake sale buzz grows

Trading activity picked up in Adani Green Energy after a large block deal involving around 1.7% equity worth Rs 2,718 crore was executed on Wednesday. About 2.8 crore shares changed hands at Rs 970 apiece, reflecting a 2.9% discount to the previous close. While official disclosures are awaited, market chatter suggests French energy major TotalEnergies as the likely seller, aligning with reports of a planned stake reduction.