BNP Paribas Acquires Stake in Adani Green Energy Amid Block Deals
Fresh Delhi, March 24, 2026 – French multinational bank BNP Paribas has acquired a 6.9 lakh share stake in Adani Green Energy through open market transactions, amounting to approximately Rs 56 crore. The shares were purchased from Morgan Stanley, marking a significant move in the renewable energy sector, according to data from the Bombay Stock Exchange (BSE).
Block Deal Details
BNP Paribas Financial Markets, an affiliate of BNP Paribas, purchased the shares at an average price of Rs 808.3 apiece, representing a 1% discount from the previous day’s closing price of Rs 816.45. Simultaneously, Morgan Stanley Asia (Singapore) Pte divested an equal number of shares at the same price. This block deal activity lifted Adani Green Energy shares, which ended the day at Rs 839 on the NSE, a 2.76% increase.
Adani Green Energy’s Performance and Growth
Despite the recent share price increase, Adani Green Energy has underperformed broader market indices over the past year, declining by 12% compared to a 2% and 4% decline in the Nifty and BSE Sensex, respectively. The stock has also fallen below its 50-day and 200-day simple moving averages (SMAs) of Rs 908 and Rs 987, respectively.
However, the company continues to demonstrate growth in its core business. In the December quarter of 2025, Adani Green reported a total income of Rs 2,837 crore, an 8% year-over-year increase. Revenue from power supply rose 21% year-over-year to Rs 2,420 crore, with EBITDA for the segment increasing 23% to Rs 2,269 crore.
This growth is attributed to a 5.6 GW greenfield capacity addition, the deployment of advanced renewable energy technologies, and the commissioning of new capacities in Khavda, Gujarat, and Rajasthan. Adani Green’s operational capacity has reached 17.2 GW, keeping the company on track to achieve its 50 GW target.
Recent Financial Results
Despite revenue growth, Adani Green reported a net loss of Rs 41 crore in the December quarter, compared to a profit of Rs 492 crore in the same period last year and Rs 583 crore in the September quarter. This loss is attributable to shareholders.
Looking Ahead
Adani Green Energy CEO Ashish Khanna stated that the company added 5.6 GW of renewable energy capacity in 2026, representing nearly 14% of all new solar and wind capacity installed in India. The Khavda project, positioned as the world’s largest renewable energy installation, is progressing rapidly.
Sources: The Economic Times, Devdiscourse, Rediff Money News, MSN