Adani Green Energy Limited (NSEI:ADANIGREEN) agreed to acquire 20% stake in SB Energy Holdings Limited from Bharti Enterprises Limited on May 18, 2021. In a related transaction, Adani Green Energy Limited (NSEI:ADANIGREEN) agreed to acquire 80% stake in SB Energy Holdings Limited from SoftBank Group Corp. (TSE:9984) on May 19, 2021. The transaction values SB Energy India at an enterprise valuation of approximately USD 3.5 billion. The transaction will be in All cash. The closing of the transaction is subject to customary approvals and conditions. As of June 30, 2021, Competition Commission of India has approved the transaction. Barclays PLC acted as financial advisor to SB Energy Holdings Limited. All projects have 25 years PPAs with sovereign rated counterparties. The portfolio consists of large scale utilities assets with 84¾ solar capacity (4,180 MW). 9% wind •solar hybrid capacity (450 MW) and 7% wind capacity (324 MW). Adani Green Energy Limited (NSEI:ADANIGREEN) completed the acquisition of 20% stake in SB Energy Holdings Limited from Bharti Enterprises Limited on October 4, 2021. With this deal, SB Energy India is now a 100% subsidiary of AGEL. Transaction completed in less than four months with thorough due diligence, statutory clearances and flawless handover of the assets.