India’s Aditya Birla Renewables Ltd has secured a USD-1.6-billion (EUR 1.37bn) in debt to finance the acquisition of Solenergi Power Pvt Ltd, which includes the Sprng Energy group of companies, from Shell plc (LON:SHEL).

Axis Bank has underwritten the entire amount and is likely to keep a large part of around Rs 5,000 crore to the financing, while State Bank of India and HDFC Bank are evaluating…

India’s Aditya Birla Renewables Ltd has secured a USD-1.6-billion (EUR 1.37bn) in debt to finance the acquisition of Solenergi Power Pvt Ltd, which includes the Sprng Energy group…