Acquiring Company
Aditya Birla Group
Acquired Company
Sprng Energy
IndiaManufacturingFashionTextilesDescription
Aditya Birla Group is securing ₹14,000 crore in loans to fund its acquisition of Sprng Energy, valued at ₹17,200 crore. This acquisition will enhance the group's renewable energy capacity, adding approximately 5 GWp to its portfolio. The deal is aimed at expanding its footprint in the Indian clean energy market and is expected to close by December 31, 2026.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Sprng Energy?
Sprng Energy was acquired by Aditya Birla Group. The deal was reported on August 23, 2026. Aditya Birla Group is a conglomerate with a significant presence in the textiles and manufacturing industry. They are known for their diverse range of businesses across India and overseas. Aditya Birla Group is privately held and operates in Manufacturing.
When did Aditya Birla Group acquire Sprng Energy?
Aditya Birla Group's acquisition of Sprng Energy was reported on August 23, 2026. Aditya Birla Group is securing ₹14,000 crore in loans to fund its acquisition of Sprng Energy, valued at ₹17,200 crore. This acquisition will enhance the group's renewable energy capacity, adding approximately 5 GWp to its portfolio. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sprng Energy do?
Sprng Energy is a renewable energy company involved in the development and operation of solar and wind energy projects across India. It is privately held, and is based in India.
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