Adani Green Energy Limited has finished acquisition of SB Energy India for $3.5 billionAdani Green Energy Limited has actually announced that it has completed the procedure of acquiring SB Energy India for $3.5 billion.The business in a declaration said that the acquisition was finished in an all money offer for which pact were tattooed on May 18, 2021.
Following to this offer, SB Energy is now a 100 per cent subsidiary of Adani Green.
Prior to this, it was a 80:20 joint endeavor in between Japan's SoftBank Corporation and Bharti Group.The transaction marks the biggest acquisition in the renewable energy sector in India, the statement released by Adani Green said.The deal comes just days after Adani Group chairman Gautam Adani had revealed that his group will invest $20 billion during the next ten years in the renewable energy generation segment.SB Energy India has renewable energy possessions having capacity of 5 gega watts, which are spread out throughout four states through the unique function automobile route.The separation of the company's portfolio consists of 1,700 mega watts of operational sustainable possessions, 2,554 mega watts of assets which are presently under building and construction and 700 mega watts of properties that are nearing building.