Birla Secures $1.5 Billion Loan from MUFG for Shell Asset Acquisition
Deals·1 article across 1 outlet
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A unit of billionaire Kumar Mangalam Birla’s conglomerate has lined up around $1.5 billion of acquisition financing from Mitsubishi UFJ Financial Group Inc. to fund its purchase of Shell Plc’s renewable energy assets in the country.
The financing will support Birla's strategic move to enhance its portfolio in the renewable energy sector through the acquisition of Shell's assets.
BirlaShellMUFG
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“A unit of billionaire Kumar Mangalam Birla’s conglomerate has lined up around $1.5 billion of acquisition financing from Mitsubishi UFJ Financial Group Inc.”
Bloomberg — India’s Birla Taps MUFG for $1.5 Billion to Fund Shell Asset Buy