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As a part of the binding agreement between the two companies, Total SA will own half of a joint venture (JV) company that will house 2,148 MW of operating solar projects owned by Adani Green Energy Ltd (AGEL) which will hold the balance (50%) stake in it.
Even though the consolidated FDI Policy, 2017, already allowed FDI up to 100%, global educational institutions were not interested in entering India because there were too many conditions.
The value of these properties is pegged at Rs 3,000 crore. The ED suspects that Wadhawans had allegedly brought several other properties in the name of shell companies created by them or their associates.
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