Adani Green Energy arm to acquire 50 per cent equity in Essel Saurya Urja Company of Rajasthan

Adani Renewable Energy Holding Two Limited, a wholly owned subsidiary of Adani Green Energy Limited, has entered into a binding term sheet for the acquisition of 50 per cent equity interest in Essel Saurya Urja Com­pany of Rajasthan Limited from Essel Infraprojects Limited. The acquisition involves a cash consideration of Rs 150 million.  The remaining 50 per cent of the equity shares will continue to be held by the Rajasthan government.