Adani exposure 2.4%, followed Indian laws, says France's Total Energies

France’s TotalEnergies SE has said that its exposure to Adani Group companies was $3.1 billion of capital employed at the end of December, a small fraction of the energy giant’s globe-spanning interests.
 
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.
 
In 2020,