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SPRNG ENERGY PORTFOLIO
Aditya Birla group, KKR left in race for Sprng EnergyAditya Birla Group and KKR are vying to buy Shell's renewable energy firm Sprng Energy. Binding financial bids are in, and Shell will negot...
Siemens eyes exit from cancer care chain American Oncology InstituteSiemens Healthineers is exiting its Indian cancer care chain, American Oncology Institute. The deal is valued between ₹1,500-2,000 crore. P...
PNB Housing Finance targets 18–20% loan growth, bets on affordable segmentPNB Housing Finance anticipates strong loan portfolio expansion of 18-20 percent this fiscal year. The company aims to reach a significant ...
NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buyActis, AV Birla Group & KKR are other contenders in fray, binding bids in coming days.
Actis 'Sprngs' a surprise, enters race to re-acquire co from ShellActis LLP is making a move to buy back Sprng Energy from Shell. This clean energy platform was originally set up by Actis. Other major play...
Aditya Birla Group among top 4 in Sprng Energy raceAditya Birla Group has entered the race to acquire Shell's renewable energy platform, Sprng Energy, joining NIIF, KKR, and Sembcorp. The co...
NIIF, KKR, Sembcorp vie to acquire Shell's Sprng Energy in one of India's biggest renewable M&A dealsAs the renewable energy market heats up, Shell is placing Sprng Energy on the auction block, inviting competition from notable investors in...
Shell to restart Sprng Energy sale process, ropes in BarclaysShell PLC is reportedly reviving the sale of its Indian renewable power producer, Sprng Energy, appointing Barclays to manage the process. ...
Shell’s plan to sell Sprng Energy stalls amid lukewarm investor interestShell's attempt to sell Sprng Energy faces challenges due to valuation disagreements. Discussions with Sekura Energy and ONGC stalled. Inve...
Shell in talks with Sekura to sell 300 MW of Sprng EnergyShell Plc is in talks with Sekura Energy, Edelweiss Alternatives' energy platform, to sell a 300-MW portfolio from its India-based renewabl...
ONGC in talks to buy Sprng Energy's 125MW operating solar assetShell acquired renewable energy platform Sprng Energy from private equity investor Actis in August 2022 for an enterprise value of $1.55 bi...
Shell to acquire Sprng Energy for $1.5 billionAn important part of this strategy is to develop a best-in-class integrated power business, which will help Shell to reach its target of be...
Royal Dutch Shell in race for Actis' green company Sprng EnergyShell will be competing with Australian infrastructure fund Macquarie and Canadian pension fund CPP Investment Board for the potential bill...
Azure Power, 3 others looking to bid for Actis-owned Sprng EnergyThe company has plans to develop a portfolio of 9 GW of renewable energy, which predominantly comprises solar power generation, according t...
Actis raises $4.7 billion for new fund, will deploy $850 million in IndiaEarlier in 2018, Actis sold its clean energy platform Ostro Energy to ReNew Power Ventures. Now it is planning to sell Sprng Energy.
PE firm Actis hires BoA to steer $2.75 billion sale of renewable platform Sprng EnergyFeelers have been sent to Canadian funds including Brookfield and CPPIB as well as Indian conglomerate Adani Group for the buyout.
Inside private equity firm Actis' big India plan, as decoded by Sanjiv Aggarwal, partner - energyHaving NTPC and SECI (Solar Energy Corporation of India) as intermediaries has given a lot of comfort to investors; it is good for Actis bu...
Actis plans to sell green energy platform Sprng in 2022; to invest $1 billion in India by FY26“Actis will look to sell the Sprng business in 2022. By then, we should have 2,000-2,400 mw of operating capacity. I can’t talk about the v...
Shapoorji Pallonji Infra completes sale of solar power assets to ActisThe acquisition of this portfolio is in line with Actis' commitment of building over 2 GW of renewable power projects in India.
Strong response, drop in tariffs at NTPC solar auctionThe NTPC auction saw a total of 11 bidders who between them sought 4000 MW. The response, as well as the fall in tariffs was a welcome chan...