Business & Finance
Shell Is Said to Select Aditya Birla for Sprng Energy Deal
Key Points
Shell Is Said to Select Aditya Birla for Sprng Energy Deal Aditya Birla Group has emerged as the frontrunner to buy Shell Plc’s Indian renewable power producer, people familiar with the matter said. An agreement for the unit, Sprng Energy Pvt, could be signed in the coming weeks, according to the people, who asked not to be identified because the information is private. Shell is seeking a valuation of about $1.8 billion, they said, adding that deliberations are ongoing and might still change.
Shell Is Said to Select Aditya Birla for Sprng Energy Deal
Aditya Birla Group has emerged as the frontrunner to buy Shell Plc’s Indian renewable power producer, people familiar with the matter said.
An agreement for the unit, Sprng Energy Pvt, could be signed in the coming weeks, according to the people, who asked not to be identified because the information is private. Shell is seeking a valuation of about $1.8 billion, they said, adding that deliberations are ongoing and might still change.