# Aditya Birla Renewables Seeks $1.5 Billion Loan for Shell Unit Acquisition

- URL: https://stocks.freetheai.org/news/aditya-birla-renewables-seeks-1-5-billion-loan-for-shell-unit-acquisition-d93f31
- Published: 2026-10-13T06:01:21Z
- Category: mergers; sentiment: neutral; impact: medium
- Symbols: [LSE:SHEL](https://stocks.freetheai.org/symbols/LSE-SHEL)
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Aditya Birla Renewables is seeking roughly $1.5 billion in rupee-denominated loans to finance its $1.8 billion acquisition of Solenergi Power from Shell Plc (LSE:SHEL). The deal, agreed in July 2026, includes the Sprng Energy group portfolio of active and under-construction clean energy projects across India.

The move allows the company to replace or scale back a temporary $1.6 billion bridge loan from Japan's MUFG Bank. By working with local lenders such as State Bank of India and HDFC Bank, the borrower plans to spread long-term debt across 17 to 20 special purpose vehicles, matching repayments to project cash flows for up to 80% of asset lifecycles.

Market participants will watch for final bank commitments, regulatory clearances, and closing terms. Successful completion highlights how domestic capital is funding clean energy consolidation as developers seek operating portfolios to help meet India's goal of reaching 500 GW of non-fossil electricity capacity by 2030.

## Key points

- Aditya Birla Renewables is negotiating roughly $1.5 billion in local debt for its $1.8 billion purchase of Shell Plc's Solenergi Power.
- The financing aims to replace or trim a $1.6 billion bridge loan from MUFG Bank with cheaper, long-term project debt.
- Borrowing will be spread across 17 to 20 special purpose vehicles holding operational and planned renewable assets.
- Indian lenders State Bank of India and HDFC Bank are among the institutions evaluating the project-level loans.

## Questions and answers

### How much is Aditya Birla Renewables raising for the Shell deal?

The company is seeking approximately $1.5 billion in rupee-denominated loans to help finance its $1.8 billion acquisition of Shell's Indian renewable unit, Solenergi Power.

### Why is Aditya Birla Renewables replacing its bridge loan?

Transitioning from a temporary $1.6 billion bridge loan to long-term project debt allows the company to reduce borrowing costs and align debt repayment with project cash flows over their operating lifespans.

### Which banks are involved in funding the acquisition?

Indian lenders including State Bank of India and HDFC Bank are discussing the financing, which would replace earlier bridge debt provided by MUFG Bank.