Shell Overseas Investment B.V. will sell 100 per cent of Solenergi Power Private Limited, including Sprng Energy, to Aditya Birla Renewables Limited for $1.8 billion.
Sprng Energy supplies solar and wind power to Indian electricity distribution companies.
Completion is expected by end-2026, subject to regulatory approval and closing conditions.
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UK’s Shell to sell Sprng Energy to Aditya Birla for $1.8 bn
By Saartaj
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