New Delhi, July 13 -- Aditya Birla Group on Monday announced the acquisition of Shell's India renewable energy platform Sprng Energy in a deal valued at an enterprise value of Rs 17,200 crore (about USD 1.8 billion), significantly expanding its presence in the country's clean energy sector.

The acquisition will be carried out through Aditya Birla Renewables Limited, a subsidiary of Grasim Industries, which has signed a Share Purchase Agreement to acquire 100 per cent equity shares and securities of Solenergi Power Private Limited (SPPL), the Mauritius-based holding company for Sprng Energy, from Shell Overseas Investment B.V., a wholly owned subsidiary of Shell Plc. The transaction remains subject to regulatory approvals and other custom...