The biggest buyers were Quant Mutual Fund with 1.23 crore shares, BNP Paribas Financial Markets with 15.49 lakh shares, Vanguard Emerging Markets Index Fund with 10.18 lakh shares and Edelweiss Mutual Fund with 10.30 lakh shares.
Other notable participants include Amity Holdings, Cohesion MK Best Ideas Sub-Trust, Four Dimension Securities, GC Ventures, Otham Investment & Infrastructure and several prominent family offices and individual investors.
The deal signals continued institutional interest in Adani Green despite the stock’s volatile performance this year.
For TotalEnergies, the transaction forms part of its portfolio rebalancing in the renewables space. The French energy major has been a long-term strategic partner of Adani Group in various green energy ventures, though the latest sale reduces its exposure to the listed entity.
Adani Green’s share price has been under pressure for the past one year. The stock is down 17.85% in the 12 months and 4.50% year-to-date. It has decreased by 3.34% in the last six months. A modest recovery of 5.93% in the past three months indicated some stability, but the stock fell 5.72% in the past one month, reflecting continued volatility.
The company has been a cornerstone of the Adani Group’s green-energy ambitions, with one of India’s largest renewable portfolios in solar, wind and hybrid projects.
While the long-term growth runway remains strong, near-term sentiment continues to be weighed down by broader market weakness, stretched valuations in renewable names and global risk-off signals, analysts say.
Adani Group reported a strong first half for FY26, driven by record capital expenditure, higher operating earnings and continued improvement in credit quality in its core infrastructure businesses.
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