Billionaire Gautam Adani’s Group on Wednesday announced the acquisition of SoftBank Group Corp’s renewable power business in India for a deal value of $3.5 billion (approximately Rs 25,500 crore), to become the world’s largest solar company.
In a statement, Adani Green Energy Ltd, the renewable energy unit of the port-to-energy conglomerate, said it has inked share purchase agreements to buy 100% of SB Energy India from SoftBank and Bharti Group.
