Debt financing
Aditya Birla Group lines up Rs.15,000-Cr loan for Sprng Energy bid
The Aditya Birla Group (ABG) has initiated talks with State Bank of India and Axis Bank to arrange a Rs.15,000-Cr term loan facility. The financing is intended to support the potential acquisition of Pune-based Sprng Energy, a renewable energy platform currently owned by Shell.ABG is preparing an all-cash offer for the business. The financing group may include international financial institutions in the debt structure. The proposed loans are expected to carry a tenor of 5 to 10 years.
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