New Delhi, July 14 -- Indian renewable energy platform Sprng Energy has changed hands twice in less than four years. In the latest chapter of its ownership journey, Shell Plc on Monday announced the sale of Sprng Energy to Aditya Birla Renewables Ltd (ABRen) in a deal with an enterprise value of $1.8 billion.

Here's a timeline of Sprng Energy's evolution since its inception.

January 2017: Actis sets up Sprng Energy.

August 2022: Actis sells Sprng Energy to Shell at an enterprise value of $1.55 billion.

2023: Aditya Birla Group hires Standard Chartered to sell up to a 49% stake in its renewable energy business.

January 2023: Wael Sawan takes over as Shell's chief executive and begins pivoting away from green energy investments toward ...