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Firms/companies > A > Adani Group
19 May 2021
Adani Green Energy Limited (AGEL) has signed definitive agreements to acquire 100 per cent equity stake in SB Energy Holdings Limited (SB Energy India), a joint venture between Japan-based SoftBank Group Corp and Bharti Group, with 4,954 MW of renewable assets in India.
AGEL on Wednesday signed share purchase agreements for the acquisition of 100 per cent interest in SB Energy India from SBG (80 per cent) and Bharti Group (20 per cent). SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India. The transaction values SB Energy India at an enterprise valuation of approximately Rs26,000 crore ($3.5 billion) and is the largest acquisition in the renewable energy sector in India.