CCI approves Adani Green’s acquisition of entire stake in SB Energy

The Competition Commission of India (CCI) has approved acquisition of entire shareholding in SB Energy India by Adani Green Energy Limited.

In May 2021, Adani Green Energy had inked share purchase agreements with SoftBank Group and Bharti Group for acquisition of 100 per cent stake in SB Energy India for USD3.5 billion.  The transaction would be the largest acquisition in the renewable energy sector in the country.

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