Khaitan & Co and Trilegal advised on Aditya Birla Renewables’ USD 1.8 billion acquisition of Sprng Energy.

Aditya Birla Renewables Limited has agreed to acquire Sprng Energy from Shell Overseas Investments B.V., a wholly owned subsidiary of Shell plc, in a transaction valued at USD 1.8 billion.

The acquisition is among the largest mergers and acquisitions in India’s renewable energy sector and will add approximately 5 GW of renewable energy capacity to Aditya Birla Renewables’ portfolio.

Sprng Energy is one of India’s leading renewable energy platforms, with a diversified portfolio of contracted solar and wind assets across multiple states. The transaction marks a significant expansion of Aditya Birla Renewables’ renewable energy business while enabling Shell’s exit from its India renewable energy platform.

Khaitan & Co advised Aditya Birla Renewables Limited on the acquisition.

The core deal team comprised Haigreve Khaitan, Akhil Bhatnagar, Kapish Mandhyan, Bhagirath Ashiya, Ashana Shah, Madhav Chandan, Arjun Madan, Ayushi Gupta, Krisha Devani and Shravani Bhide. The team was supported by Gahan Singh (Acquisition Financing), Harsh Khemka (Insurance), Anshuman Sakle (Competition Law), Moin Ladha (Regulatory), Vivek Mimani and Rolwine Alva (Structuring), Sudheer Madamaiah (Real Estate), Divya Chaturvedi and Srishti Rai (Dispute Resolution), and Supratim Chakraborty (Data Protection).

Trilegal advised Shell Overseas Investments B.V., a wholly owned subsidiary of Shell plc, on the sale of Sprng Energy to Aditya Birla Renewables Limited and advised on all legal aspects of the transaction.

The Trilegal Corporate team was led by Partners Arnav Dayal and Vishal Sagar, with support from Counsel Anisha Bhattacharjee. The Projects team comprised Partners Amar Narula and Megha Kaladharan, with Counsel Naman Mittal advising on project aspects of the transaction. The Real Estate team comprised Partner Rahul Arora and Counsel Nishtha Kaur Arora, who advised on the real estate aspects of the transaction.