Gautam Adani seals the largest deal in India’s renewable sector with SB Energy buy for $3.5 billion
Adani NSE 2.06 % Green Energy Ltd (AGEL) has completed the acquisition of SB Energy India for USD 3.5 billion, the company stated on Monday.
It is the largest solar power developer in the world which made SB Energy Holdings Ltd (SB Energy India) its subsidiary with this deal.
With this deal, SB Energy India is now a 100 per cent subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group.
