A unit of Kumar Mangalam Birla’s conglomerate agreed to acquire Shell Plc’s Indian renewable energy assets for an enterprise value of 172 billion rupees (~$1.8 billion), among the largest clean-energy deals in the country. The transaction signals continued capital rotation into renewables and should be sector-relevant for India’s clean energy buildout.
A unit of Kumar Mangalam Birla’s conglomerate agreed to acquire Shell Plc’s Indian renewable energy assets for an enterprise value of 172 billion rupees (~$1.8 billion), among the largest clean-energy deals in the country. The transaction signals continued capital rotation into renewables and should be sector-relevant for India’s clean energy buildout.
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