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M&A

Adani Green Energy arm to acquire 50% in Essel Saurya Urja Co of Rajasthan for Rs.15-Cr

BSE Disclosure  

Adani Renewable Energy Holding Two Ltd, a wholly-owned unit of Adani Green Energy Ltd, is to acquire 50% equity in Essel Saurya Urja Company of Rajasthan Ltd (ESUCRL) from for INR 15 crore. ESUCRL owns and operates a solar park with a capacity of 750 MW in Rajasthan. The acquisition will expand AGEL's footprint in Rajasthan, where AGEL already owns and operates solar park in a joint venture - Adani Renewable Energy Park Rajasthan Ltd - with the Government of Rajasthan.