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Adani Green’s acquisition of SB Energy is approved by the CCI in India.
On the outskirts of Ahmedabad, India, on April 13, 2021, the Adani Group’s emblem can be seen on the facade of one of its buildings. Amit Dave/Reuters
Submitted by Livemint
1st of July, 2021
The Competition Commission of India (CCI) authorized Adani Green Energy Limite’s acquisition of SB Energy’s whole stake on Wednesday.
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SB Energy Adani Green Energy Adani Green Energy Adani Green Energy Adani Green Energy Ad
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SoftBank’s $525 million transaction of Indian solar power company SB Energy to CPPIB has been canceled.
SB Energy is owned by SoftBank, which has invested over $800 million in the company over the last five years.
Adani Green, an Indian company, has agreed to buy SoftBank-backed SB Energy for $3.5 billion.
SoftBank holds 80% of SB Energy, while Bharti Global owns the remaining 20%.
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