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Adani Green Energy closes India’s largest renewables M&A deal for USD 3.5 Billion; a 46% increase in operational capacity

October 4, 2021 sanket

SB Energy India is now 100% subsidiary of AGEL The transaction is for a fully completed enterprise valuation of USD 3.5 Bn (~Rs. 26,000 Cr) The acquired portfolio comprises ~100% sovereign rated counterparties. Average tariff for the portfolio is Rs. 2.75 per unit Transaction completed in less than four months with thorough due diligence, statutory […]

Business

APSEZ fully unlocks India’s eastern hinterland with Rs. 6,200 Cr acquisition of Gangavaram Port

September 23, 2021 sanket

Completes Government of Andhra Pradesh’s stake Purchase in GPL Board Approves merger of GPL with APSEZ APSEZ acquires Government of Andhra Pradesh’s 10.4% stake for Rs. 645 Cr APSEZ and GPL boards have approved a merger at a swap ratio of 159:1,000 shares With the above, APSEZ achieves full closure on Gangavaram Port Ltd Acquisition […]

Business

Adani Group to acquire MBCPNL portfolio from Sadbhav Infrastructure at an Enterprise Value of Rs.1,680 crore

August 17, 2021 sanket

Gateway connects Maharashtra with 6 neighbouring states, will cover over 20% of the commercial road traffic in India Adani Road Transport Ltd (ARTL) will acquire Maharashtra Border Check Post Network Ltd (MBCPNL). ARTL will acquire 49% at first, with the option to acquire additional stake, subject to approvals MBCPNL has 24 integrated checkposts with exclusive […]

Business

Adani Green Energy to acquire 50 MW Solar Asset from SkyPower Global

March 20, 2021 sanket

AGEL has signed definitive agreements with the Toronto-headquartered SkyPower Global for acquisition of 100% stake in a special purpose vehicle (SPV) that owns 50 MW operating solar asset at Telangana With this acquisition, AGEL will have operating renewable capacity of 3,395 MW with a total renewable portfolio of 14,865 MW Ahmedabad, 20 March, 2021: Adani Green […]

English

Adani Transmission completes acquisition of Alipurduar Transmission from Kalpataru Power Transmission for an enterprise value of around INR 1300 Cr

November 27, 2020 sanket

Adani Transmission Limited (ATL) has acquired 49% stake, with agreement to acquire 51% too, in Alipurduar Transmission Limited pursuant to definitive agreements signed in July 2020 Alipurduar Transmission Ltd. operates transmission lines aggregating to around 650 ckt kms in West Bengal and Bihar With this acquisition, the cumulative network of ATL will reach more than […]

English

Reliance Retail acquires the retail business of the Future Group

August 30, 2020 Prachi Vyas

Venkatesh Iyer MUMBAI, August 30: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd. (RIL) has announced the acquiring of the Retail and Wholesale Business alongside the Logistics and Warehousing Business from the longer-term Group for Rs. 24,713 crores. The acquisition is subject to approvals from Security and Exchange Board of India (SEBI), […]