Market

Adani Green shares jump 5% as co acquires SB Energy India; Adani Power, other group stocks follow

Now Gautam Adani’s renewable energy firm will achieve a total renewable capacity of 24.3 GW and an operating renewable capacity of 4.9 GW.
(Image: REUTERS)

Adani Group stocks surged higher on Wednesday morning while the benchmark indices traded flat. The sharp up-move came after Adani Green, on Wednesday morning, announced the acquisition of SB Energy India for $3.5 billion — the largest acquisition in the renewable energy sector in India. With this, Gautam Adani’s renewable energy firm will achieve a total renewable capacity of 24.3 GW and an operating renewable capacity of 4.9 GW. Adani Green shares were up 5% on Wednesday morning at Rs 1,258 per share, Adani Transmission jumped 4.73% to trade at Rs 1,320 apiece, while Adani Power was up 4.96% at Rs 106.95.

(To be updated)

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Adani Green shares jump 5% as co acquires SB Energy India; Adani Power, other group stocks followFinancial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.



Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button