Aditya Birla Group to acquire Sprng Energy from Shell in ₹17,200 crore deal
Aditya Birla Renewables has signed a deal to acquire Sprng Energy from Shell for ₹17,200 crore, marking a major expansion in India's renewable energy sector. The acquisition is expected to help the company reach its goal of 20 GWp capacity in the coming years.
Aditya Birla Renewables Ltd (ABRen), a subsidiary of Grasim Industries said it has signed a definitive agreement to acquire 100% equity and securities of Solenergi Power Private Ltd which owns the Sprng Energy group of companies, from Shell Overseas Investment B.V., a wholly owned subsidiary of Shell PLC valuing the target company at ₹17,200 crore ($1.8 billion).
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