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FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave
(Corrects to drop reference to SB Energy in paragraph 4, a Japanese company)
BENGALURU (Reuters) -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.
It would buy the 80% stake held by SoftBank Group Capital Limited and the rest owned by Indian conglomerate Bharti Global Limited in a cash deal, the company said bit.ly/3ovEFzb in a filing to the stock exchanges.