India's Aditya Birla unit seeks $1.5 billion in rupee loans to buy Shell arm Solenergi, bankers say

Aditya Birla Renewables is seeking $1.5 billion in rupee-denominated loans to fund its planned acquisition of Shell Plc's Indian renewable energy arm. Three bankers familiar with the discussions said the financing would help the company avoid costlier bridge debt; the article does not report that the acquisition or loans have been finalized.