India's Aditya Birla Renewables is seeking $1.5 billion in rupee-denominated loans to fund the acquisition of Shell Plc's Indian renewable energy arm and avoid a costlier bridge debt, three bankers aware of the discussions said.
The renewable-energy arm of Aditya Birla Group agreed in July to acquire Solenergi Power, a Shell Plc unit that includes the Sprng Energy group companies, for $1.8 billion.
