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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 Rs 17,200 crore, is expected to close by 2026. Funding will come from debt, equity, and an investment by Global Infrastructure Partners. The combined entity aims for 20 GW of renewable capacity within three years.
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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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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.
