Brief by Shorts91 Newsdesk / 05:22am on 08 Jan 2026,Thursday Business
India's National Investment and Infrastructure Fund (NIIF), KKR, and Sembcorp are competing to acquire renewable energy supplier Sprng Energy from Shell Plc in one of India's biggest renewable M&A deals. Shell purchased Sprng from Actis for $1.5 billion three years ago and has since expanded the company's 5GW energy generation portfolio. The three contenders submitted non-binding offers in late December, with Macquarie also showing interest. Shell is reviewing strategic options to unlock long-term value, driven by shareholder pressure to focus on core exploration and production. Shell previously attempted partial divestments last year, but valuation mismatches stalled those efforts. The sale could become the largest renewable energy M&A deal this year. (PC: iStock)
