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Aditya Birla Renewables buys Shell's Sprng Energy in 17,200 crore deal
MUMBAI: Aditya Birla Renewables (ABRen), the renewable energy arm of Grasim Industries, is set to acquire Shell's India-based renewable energy business, Sprng Energy, for an enterprise value of Rs 17,200 crore ($1.8 billion) including debt, marking one of the largest transactions in the country's clean energy sector by value and scale. Kumar Mangalam Birla, chairman of Grasim, described the deal as central to "one of the largest energy transformations underway anywhere in the world."
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timesofindia.indiatimes.com
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…
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thehindubusinessline.com
Aditya Birla Group acquires Sprng Energy in ₹17,200 crore deal
Aditya Birla Group acquires Sprng Energy for ₹17,200 crore, boosting its renewable energy capacity to 9.3 GWp.
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thehindu.com
Aditya Birla Group to acquire Sprng Energy from Shell in ₹17,200 crore deal
Aditya Birla Group acquires Sprng Energy from Shell for ₹17,200 crore, enhancing its renewable energy portfolio significantly.
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benzinga.com
Why Is Shell Stock Gaining Monday? - Shell (NYSE:SHEL)
Shell sells India’s Sprng Energy to Aditya Birla Renewables for $1.8 billion. Get the details on this major green energy deal.
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economictimes.indiatimes.com
Aditya Birla Renewables Acquires Sprng Energy
Aditya Birla Renewables acquired Sprng Energy's holding company for Rs 17,200 crore. This significant deal catapults the company's generation capacity to 9.2 gigawatts. Sprng…
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Aditya Birla Renewables buys Shell's Sprng Energy in 17,200 crore deal
MUMBAI: Aditya Birla Renewables (ABRen), the renewable energy arm of Grasim Industries, is set to acquire Shell's India-based renewable energy business, Sprng Energy, for an…
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Grasim shares in focus after subsidiary acquires Solenergi Power from Shell in $1.8 billion deal
Grasim Industries' renewable energy arm will acquire Solenergi Power from Shell. This acquisition significantly expands its clean energy portfolio to 9.4 GW. The deal, valued at…
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pv-magazine.com
Aditya Birla Group to acquire 5 GW renewables portfolio from Shell - pv magazine Global
Following the transaction, Aditya Birla Renewables' existing 4.4 GWp portfolio, primarily serving the commercial and industrial (C&I) segment, will combine with Sprng Energy's 5…