# NIIF and Temasek are in talks to jointly bid over 1.6 billion dollars for Shells Indian renewable firm Sprng Energy, competing with KKR, Actis and Aditya Birla Group.

*business · news · 2026-04-22 · CNBC TV18*

## Key points

- NIIF and Temasek are discussing a joint bid of over $1.6 billion for Sprng Energy.
- Shell's renewed sale attempt follows a failed part-stake sale across multiple assets in 2023.
- Competing bidders include KKR, Actis, and Aditya Birla Group, with final bids expected soon.
- NIIF's CEO, Sanjiv Aggarwal, previously led Actis's energy business, which once owned Sprng.

**Companies:** Shell Plc, Temasek, KKR, Actis, Aditya Birla Group, NIIF
**Countries:** India, Singapore, United Kingdom

[Read the full story on CNBC TV18](https://www.cnbctv18.com/business/race-for-shells-sprng-energy-niif-may-join-hands-with-temasek-binding-bids-this-week-ws-l-19891539.htm)

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