Economic TimesLean R·
Grasim shares in focus after subsidiary acquires Solenergi Power from Shell in $1.8 billion deal
Grasim Industries' renewable energy arm will acquire Solenergi Power from Shell. This acquisition significantly expands its clean energy portfolio to 9.4 GW. The deal, valued at Rs 17,200 crore, is expected to close by 2026. Funding will come from debt, equity, and an investment by Global Infrastructure Partners. The combined entity aims for 20 GW of renewable capacity within three years.
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