Grasim Industries Ltd

* Aditya Birla Renewables, a subsidiary of

, will acquire 100% of Solenergi Power at an enterprise value of ₹17,200 crore ($1.8 billion), marking one of India’s largest renewable energy acquisitions. * The acquisition will significantly strengthen Grasim’s clean energy portfolio by adding around 5 GW of renewable capacity, taking Aditya Birla Renewables’ total portfolio to 9.3 GW and enhancing its long-term growth in the utility-scale renewable energy business.