Among the biggest buyers were Quant Mutual Fund, which picked up 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 included Amity Holdings, Cohesion MK Best Ideas Sub-Trust, Four Dimensions Securities, GeeCee Ventures, Authum 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 renewable space. The French energy major remains a long-term strategic partner of the Adani Group across various green energy ventures, though the latest sell-down reduces its exposure in the listed entity.
Adani Green’s share price has been under pressure over the past year. The stock is down 17.85% over 12 months and 4.50% year-to-date. It has also slipped 3.34% in the past six months. A modest recovery of 5.93% over the past three months had suggested some stability, but the stock fell 5.72% in the last one month, reflecting persistent volatility.
The company remains a cornerstone of the Adani Group’s green-energy ambitions, with one of India’s largest renewable portfolios across solar, wind and hybrid projects.Analysts say that while the long-term growth runway remains strong, near-term sentiment continues to be influenced by broader market weakness, stretched valuations across renewable names, and global risk-off cues.
Adani Group reported a strong first half for FY26, driven by record capital expenditure, higher operating earnings and continued improvement in credit quality across its core infrastructure businesses.
