The company also said that said it has not performed any re-evaluation of its holdings because of volatility in stock prices in Adani stocks.
The Adani Group has partnerships with TotalEnergies in gas and renewable energy. TotalEnergies owns a 37.4% stake in the listed Adani Total Gas, and 50% in Adani Total Private Limited, which is developing a liquefied natural gas import terminal.
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“TotalEnergies’ exposure resulting from these stakes is limited, as it represents 2.4% of the company’s capital employed,” and just $180 million of net operating income last year, the French firm said in a statement on Friday.
These investments were undertaken in full compliance with Indian laws and its own internal governance processes, Total said.
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