Grasim shares in focus after subsidiary acquires Solenergi Power from Shell in $1.8 billion deal

Grasim Industries' subsidiary Aditya Birla Renewables will acquire 100% of Solenergi Power from Shell in a deal valued at $1.8 billion (about Rs 17,200 crore enterprise value). Solenergi Power is the Mauritius-based holding company of Sprng Energy and Sprng Solar Plus, with a contracted renewable energy portfolio of nearly 5 GWp. Post-acquisition, Aditya Birla Renewables' total renewable energy portfolio will more than double to 9.4 GW from 4.4 GW, moving it closer to its 20 GW target over three years. The deal is funded through a mix of debt, equity infusion from Grasim, and investment by BlackRock's GIP, and is expected to close by end of CY2026.