15-July-2026
Corporate News
 
Aditya Birla group snaps up Sprng in $1.8 bn deal
14-Jul-2026

Grasim Industries on Monday announced that its subsidiary Aditya Birla Renewables (ABReN) will acquire Shell’s India renewable energy platform, Sprng Energy, in a transaction with an enterprise value of Rs 17,200 crore ($1.8 billion), marking one of the largest renewable energy acquisitions in India. The Aditya Birla Group is believed to have lined up around Rs 15,000 crore of acquisition financing from State Bank of India and Axis Bank ahead of the transaction.

News Source:- https://www.financialexpress.com/business/industry-aditya-birla-group-snaps-up-sprng-in-1-8-bn-deal-4290779/?ref=morelatest_hp
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org