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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.
NIIF and Temasek are discussing a joint bid of over $1.6 billion for Sprng Energy.
KEY POINTS
- 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
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