Adani Green Energy said on Tuesday there is no new financial commitment under discussion with TotalEnergies, a day after the French oil major said it was pausing new investments into the Adani Group.

Adani Green Energy addressed concerns after TotalEnergies paused new investments following bribery charges against Adani Group's chairman. The company claims no financial impact from the halt. Adani Green shares dropped significantly,

Total also owns a 37.4% stake in Adani Total Gas Limited, as well as a 50% stake in three renewable joint ventures with Adani Green Energy. Two of those joint ventures were entered into after the FBI served search warrants on Sagar Adani and seized evidence related to Adani Green Energy.

TotalEnergies SE said on Monday that it will not make any new financial contribution as part of its investments into the Adani group of companies amid a U.S. federal indictment against the head of the company and his nephew.

TotalEnergies' decision to halt further investments in Adani Group companies follows billionaire Gautam Adani’s recent indictment in a New York federal court concerning an alleged multibillion-dollar

French energy conglomerate TotalEnergies would pause further investments in Adani Group companies due to corruption allegations made by the US SEC

French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.

French-based TotalEnergies has announced a suspension of new financial contributions to the Adani Group of companies following the indictment of certain Adani Group’s executives by US authorities. The indictment is linked to an alleged corruption scheme associated with Adani Green Energy Limited (AGEL).

Just before market closing on Monday, TotalEnergies, which has a 19.75% stake in Adani Green Energy, put out a statement, stating that they will not make any new financial contributions to Adani Group companies until the accusations against the Adani group individuals and their consequences have been clarified.

Adani Green Energy said on Tuesday there is no new financial commitment under discussion with TotalEnergies , a day after the French oil major said it was pausing new investments into the Adani Group over U.