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Sprng deal could deliver fresh spark to drive Grasim revenue
Grasim Industries is strategically acquiring Sprng Energy to accelerate its renewable energy business growth. This acquisition is expected to significantly increase the renewable energy segment's revenue share by FY28. The company acquired Sprng Energy's solar portfolio at a discount to current market rates. However, the deal will increase financing costs and may impact near-term profitability. Grasim's moderate leverage indicates capacity to absorb additional debt from this acquisition.
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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.
