Adani Green to acquire Softbank-backed SB Energy in $3.5 billion deal
Adani Green to acquire Softbank-backed SB Energy in $3.5 billion deal
Renewable energy company Adani Green is all set to acquire Softbank-backed SB Energy. The deal will allow Adani Green to achieve its targeted renewable energy portfolio
of 25 gigawatts four years ahead of its expected timeline.
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UPDATED: May 19, 2021 10:29 IST
Adani Green Energy is all set to buy SoftBank Group Corp-backed SB Energy Holdings Limited in a cash deal. (Photo: Reuters/Representational image)
Indian renewable energy company Adani Green Energy Ltd said on Wednesday it would buy SoftBank Group Corp-backed SB Energy Holdings Limited for an enterprise value of $3.5 billion.