India’s Adani Green Energy to buy SB Energy Holdings in $3.5 billion deal
Adani Green Energy Limited (AGEL), the renewable arm of the conglomerate group formally announced its outright acquisition of SB Energy early on Wednesday morning in a deal worth $3.5 billion (Rs. 24,000 crore), the largest such transaction in India’s renewable story.
ET had reported the same development in its April 17 edition, as talks had rapidly intensified over the previous fortnight as SB Energy’s previous talks with Canadian Pension Plan Investment Board (CPPIB) had broken down due to differences in evaluations.
