Adani Gas Ltd, part of Adani Group, on Monday in a statement said that French oil and gas major Total SA has made an open offer to acquire 37.4 percent stake in its company for Rs 5,662 crore.
Following the disclosure, shares of Adani Gas jumped as much as 18.4 percent to open at Rs 163 on NSE.

"Total will purchase 37.4% shares in Adani Gas Limited through a tender offer to public shareholders to acquire up to 25.2% shares subject to applicable regulations and purchase the residual shares from Adani Family," the statement said.
Citigroup Global Markets India Private Limited, the manager to the offer, has submitted a copy of the public announcement to the stock exchanges for an open offer for the acquisition of up to 27,71,46,602 equity shares from shareholders of Adani Gas Limited by Total Holdings SAS, the company said in a filing.
"Adani Family and TOTAL SA shareholders shall ultimately hold 37.4% each and public shareholders shall hold remaining 25.2%," it Adani Gas Ltd's statement added.
"Adani, the largest infrastructure conglomerate in India, and TOTAL, the world's second largest LNG private player, will serve the fast growing gas demand of the Indian market," it further said.
More From GoodReturns

Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gold Rate in India Rebounds After Falling Nearly Rs 40,000 In a Day; Will Gold Price Today Jump or Drop?

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Hyderabad Gold Rates Today Crash By Rs 40,000 After 6 Days, Silver Rate Falls By Rs 10,000: 24K, 22K, 18k Gold

Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March

Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis

Bank Holiday Today, Tomorrow & More: Banks Are Closed On March 31, April 1, April 2, April 3; Here's Why



Click it and Unblock the Notifications