Shares of Grasim Industries Ltd. are likely to remain in focus on Tuesday after the company announced that its subsidiary, Aditya Birla Renewables, will acquire Solenergi Power from Shell Overseas Investment B.V., a wholly owned subsidiary of Shell Plc.
The transaction has been agreed at an enterprise value of Rs 17,200 crore. Under the Share Purchase Agreement, Aditya Birla Renewables will acquire 100% of the equity shares and other securities of Solenergi Power, including those of its subsidiaries.
