Adani Green Energy Limited (NSEI:ADANIGREEN) entered into an agreement to acquire Spinel Energy & Infrastructure Limited from Hindustan Cleanenergy Limited and Peridot Power Ventures Limited for an enterprise value of INR 1.3 billion on January 23, 2021. The consdierationwill be subject to closing adjustment. For financial year 2019-20, Spinel Energy & Infrastructure Limited has reported revenues of INR 1.6 billion. The transaction is expected to be completed by February, 2021. The transaction is expected to be value accretive to shareholders of Adani Green Energy Limited. Adani Green Energy Limited (NSEI:ADANIGREEN) completed the acquisition of Spinel Energy & Infrastructure Limited from Hindustan Cleanenergy Limited and Peridot Power Ventures Limited on March 27, 2021.