Aditya Birla acquires Sprng Energy from Shell for $1.8 billion; Khaitan & Co, Trilegal advise

Aditya Birla Renewables Limited has signed a definitive agreement to make a 100% acquisition of Sprng Energy group of companies from Shell plc at an enterprise value of $1.8 billion.

Khaitan & Co advised Aditya Birla Renewables on this acquisition.

The core deal team consisted of Haigreve Khaitan (Managing Partner), Akhil Bhatnagar (Partner), Kapish Mandhyan (Partner), Bhagirath Ashiya (Partner), Ashana Shah (Senior Associate), Madhav Chandan (Senior Associate), Ayushi Gupta (Associate) and Krisha Devani (Associate). The following provided assistance:

Gahan Singh (Partner, Acquisition Financing), Harsh Khemka (Partner, Insurance), Anshuman Sakle (Partner, Competition Law), Moin Ladha (Partner, Regulatory), Vivek Mimani (Partner, Structuring), Rolwine Alva (Partner, Structuring), Sudheer Madamaiah (Partner, Real Estate), Divya Chaturvedi (Partner, Dispute Resolution), Srishti Rai (Counsel, Dispute Resolution), Supratim Chakraborty (Partner, Data Protection).

Trilegal advised Shell Overseas Investments B.V., a wholly owned subsidiary of Shell plc, on this transaction. The Firm advised Shell on all legal aspects of the transaction

The transaction was led by Arnav Dayal (Partner), Vishal Sagar (Partner) and Anisha Bhattacharjee (Counsel), with support from the following:

Projects Team: Amar Narula (Partner), Megha Kaladharan (Partner), Naman Mittal (Counsel);

Real Estate Team: Rahul Arora (Partner), Nishtha Kaur Arora (Counsel).

Sprng Energy is one of India's leading renewable energy platforms, with a diversified portfolio of approximately 5 GW of contracted solar and wind assets across multiple states.

This acquisition significantly advances Aditya Birla Renewable’s renewable energy growth strategy by integrating its strong Commercial & Industrial segment presence with Sprng Energy’s complementary utility-scale assets.

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