Fair trade regulator CCI on Wednesday approved acquisition of entire shareholding in SB Energy by Adani Green Energy Ltd. NSE -3.90 % In May, Adani Green Energy had said it has inked share purchase agreements with SoftBank Group and Bharti Group for acquisition of 100 per cent stake in SB Energy India for USD 3.5 billion.
The transaction would be the largest acquisition in the renewable energy sector in the country.
With this acquisition, AGEL will achieve total renewable capacity of 24.3 GW and operating renewable capacity of 4.9 GW.
