{"id":416027,"date":"2021-05-20T11:00:29","date_gmt":"2021-05-20T05:30:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416027"},"modified":"2021-05-20T12:13:34","modified_gmt":"2021-05-20T06:43:34","slug":"adani-green-to-acquire-sb-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-green-to-acquire-sb-energy\/","title":{"rendered":"Adani Green to acquire SB Energy"},"content":{"rendered":"<p>Adani Green Energy Ltd has agreed to buy Japan\u2019s SoftBank Group Corp. and Bharti Enterprises Ltd\u2019s solar power unit SB Energy Holdings Ltd for an equity value of around $625 million, said two people aware of the development. <\/p>\n<p>The deal, which has an enterprise value of around $3.5 billion, follows the collapse of an earlier plan to sell SoftBank\u2019s entire 80% stake in SB Energy to Canada Pension Plan Investment Board (CPPIB). India\u2019s Bharti Global Ltd holds the remaining 20% stake.<\/p>\n<p>The three parties signed on Wednesday share purchase agreements for the transaction, according to a statement issued jointly by Adani Green, SoftBank and Bharti. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Green Energy Ltd has agreed to buy Japan\u2019s SoftBank Group Corp. and Bharti Enterprises Ltd\u2019s solar power unit SB Energy Holdings Ltd for an equity value of around $625 million, said two people aware of the development. The deal, which has an enterprise value of around $3.5 billion, follows the collapse of an earlier plan to sell SoftBank\u2019s entire 80% stake in SB Energy to Canada Pension Plan Investment Board (CPPIB). India\u2019s Bharti Global Ltd holds the remaining 20% stake. The three parties signed on Wednesday share purchase agreements for the transaction, according to a statement issued jointly by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-416027","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=416027"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416027\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}