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Renewable energy boost: Aditya Birla Group to buy Shell-backed Sprng Energy; deal worth $1.8 billion
Aditya Birla Renewables Ltd (ABRen), the renewable energy arm of Grasim Industries, has entered into an agreement to acquire Sprng Energy from Shell Overseas Investment BV in a transaction worth about $1.8 billion. The acquisition will create one of India's largest integrated renewable energy platforms.
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forbes.com
Billionaire Kumar Birla To Buy Shell’s Indian Renewable Business In $1.8 Billion Deal
The acquisition of Shell's renewable energy business in India will more than double the Aditya Birla Group's renewable energy capacity to almost 10 gigawatts.
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economictimes.indiatimes.com
Aditya Birla Group acquires Shell's India renewables energy arm, Sprng Energy, for $1.8bn
Aditya Birla Group announced acquiring Sprng Energy for $1.8 billion. This significant deal expands the group's renewable energy portfolio substantially. The acquisition includes…
