Adani Green Acquires SB Energy India For $3.5 Billion

Adani Green Energy Limited has announced that it has completed the acquisition of SB Energy India for $3.5 billion

Adani Green Energy Limited has announced that it has completed the process of acquiring SB Energy India for $3.5 billion.

The company in a statement said that the acquisition was completed in an all cash deal for which pact were inked on May 18, 2021.

Consequent to this deal, SB Energy is now a 100 per cent subsidiary of Adani Green. Prior to this, it was a 80:20 joint venture between Japan's SoftBank Corporation and Bharti Group.

The transaction marks the largest acquisition in the renewable energy sector in India, the statement issued by Adani Green said.