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- Projects are contracted to sell power under 25 years PPAs with sovereign rated counterparties
- The transaction is for a fully completed enterprise valuation of approximately USD 3.5 billion (~Rs. 26,000 Cr.)
- This transformational acquisition will enable AGEL to reach renewable portfolio of 25 GW four years ahead of the target
AHMEDABAD, India, May 19, 2021 /PRNewswire/ Adani Green Energy Limited (AGEL), today signed share purchase agreements for the acquisition of 100% interest in SB Energy India from SBG (80%) and Bharti Group (20%). SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India. The transaction marks the largest acquisition in the renewable energy sector in India. The transaction values SB Energy India at an enterprise valuation of approximately USD 3.5 billion.
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Gautam Adani Surpasses Chinese Billionaire Zong Shanshan To Become 2nd Richest Man In Asia
Indian billionaire Gautam Adani has emerged as Asia s second-richest person surpassing Chinese billionaire Zong Shanshan, as per the Bloomberg
Image Credits: PTI
Indian business tycoon and billionaire Gautam Adani has emerged as Asia s second-richest person surpassing Chinese billionaire Zong Shanshan, as per the Bloomberg Billionaires Index. The Bloomberg Billionaire Index indicates that Adani Group s net worth is $66.5 billion as compared to Zhong Shanshan’s $65.6 billion. In terms of most wealth owned by a person, the figures also imply that Gautam Adani trails behind his Indian competitor and Reliance Industries Limited Chairman Mukesh Ambani.
Adani Green Energy Share Price: On Thursday, Adani Green Energy opened on the BSE at Rs 1,268.55, swinging to an intra day high of Rs 1,289, and an intra day low of Rs 1,239.70, so far.
Share this article
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- Projects are contracted to sell power under 25 years PPAs with sovereign rated counterparties
- The transaction is for a fully completed enterprise valuation of approximately USD 3.5 billion (~Rs. 26,000 Cr.)
- This transformational acquisition will enable AGEL to reach renewable portfolio of 25 GW four years ahead of the target
AHMEDABAD, India, May 19, 2021 /PRNewswire/ Adani Green Energy Limited (AGEL), today signed share purchase agreements for the acquisition of 100% interest in SB Energy India from SBG (80%) and Bharti Group (20%). SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India. The transaction marks the largest acquisition in the renewable energy sector in India. The transaction values SB Energy India at an enterprise valuation of approximately USD 3.5 billion.
Gautam Adani becomes second richest Asian, overtakes China s Zhong Shanshan
Directly above Adani, on the 13th spot, is Reliance Industries Chairman Mukesh Ambani with a net worth of $76.5 billion. Ambani had replaced Shanshan in February to become the richest Asian
BusinessToday.In | May 20, 2021 | Updated 19:54 IST
Adani Group Chairman Gautam Adani has pipped China s Zhong Shanshan to become the second richest Asian in the world. He is now on the 14th spot on Bloomberg Billionaires Index with a net worth of $66.5 billion. The Chinese billionaire is worth $63.6 billion.
Directly above Adani, on the 13th spot, is Reliance Industries Chairman Mukesh Ambani with a net worth of $76.5 billion. Ambani had replaced Shanshan in February to become the richest Asian.