Adani Green to buy SB Energy Holdings Limited for $3.5 billion
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Renewable energy company Adani Green Energy is going to acquire SoftBank Group Corp-backed SB Energy Holdings Limited for $3.5 billion. Adani Green has signed the share purchase agreement with SB Energy India for the acquisition of 100 percent interest. The agreement was signed on Wednesday. This is the largest acquisition in the renewable energy sector in India. Adani Group aims to "become the world’s largest solar player by 2025".