2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reliance Power
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Tata Power SED
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Adani Green Energy
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Rockwell Collins
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Detailed explanation-1: -Adani Green Energy Ltd (AGEL) has completed the acquisition of SB Energy India for USD 3.5 billion, the company stated on Monday.
Detailed explanation-2: -With this deal, SB Energy India is now a 100% subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group.
Detailed explanation-3: -Adani Green Energy, part of the Gautam Adani-owned Adani group, has completed its deal to acquire SB Energy India for $3.5 billion, the largest acquisition yet in India’s renewable energy sector.
Detailed explanation-4: -This order is a repeat order from Adani Green Energy Ltd. and is in addition to the existing order of 226.8 MW as announced on 13th August 2021. Suzlon will execute the project with a scope of supply, installation, and commissioning. Additionally, Suzlon will offer post-commissioning operation and maintenance services.
Detailed explanation-5: -The transaction pegs SB Energy India at an enterprise valuation of $3.5 billion (approximately Rs 26, 000 crore) and marks the largest acquisition in the renewable energy sector in India, it stated.