InvestorQ : Is it true that Adani Energy is buying into SB Energy?
Arusha Ray made post

Is it true that Adani Energy is buying into SB Energy?

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1 month ago
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Adani Green Energy, will buy SB Energy for a consideration of $625 million in an all-cash deal. SB Energy is currently majorly owned by Softbank of Japan, which is the private equity investment arm of Masayoshi Son, and Bharti Enterprises of India. SB Energy is one of the key solar power producers in India. Adani Green has finalized the share purchase agreement with Softbank and Bharti Global to acquire 100% of SB Energy.

Currently, Softbank holds 80% in SB Energy while Bharti Enterprises holds the balance 20%. Softbank had almost closed the deal to sell its 80% stake to the Canadian Pension Fund, which eventually fell through. This should give the much needed exit to Softbank.

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