Adani adds Rs 26k-cr assets to green biz

In one of the largest acquisitions in the renewable energy space in the country, Adani Green Energy (AGEL) on Wednesday acquired 100% interest in SB Energy India at an enterprise valuation of $3.5 billion (approximately Rs 26,000 crore).

SB Energy is an 80:20 joint venture between Japan’s SoftBank Group and India’s Bharti Enterprises, and houses 4,954 megawatt (MW) of renewable energy projects across the country.