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CNBC TV18

Grasim shares in focus after Aditya Birla Renewables agrees ₹17,200 crore deal for Solenergi Power

AI Market Summary
Grasim's renewables arm will acquire Shell's Indian renewables platform (Solenergi/Sprng) for ₹17,200 crore EV, nearly doubling contracted capacity from 4.4 GW to 9.4 GW. While strategically positive for clean-energy scale, Citi flags near-term sentiment risk from leverage and unclear consolidated funding mix (debt vs equity, potential stake dilution). The deal is expected to close by end-2026, limiting immediate broader market spillover.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.94%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Grasim Industries said its 71%-owned unit, Aditya Birla Renewables, will acquire Solenergi Power, Shell’s renewables arm in India, at an enterprise value of ₹17,200 crore. The transaction would expand Aditya Birla Renewables’ portfolio from 4.4 GW to 9.4 GW of renewable capacity. Grasim said the deal will be financed through a mix of debt, an equity infusion from Grasim, and investment from Global Infrastructure Partners (GIP), a wholly owned subsidiary of BlackRock.
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