Shell Plc has mandated Ambit Group to conduct a valuation exercise before it sells a minority stake in the operational assets of Sprng Energy group, said two people aware of the development. Global energy companies such as Shell, Malaysia’s state-run Petroliam Nasional Bhd subsidiary Gentari Sdn Bhd, Total and Thailand’s PTT Group have already established a significant presence in India’s …
Shell Plc is looking to sell a stake in the operational assets of Sprng Energy group, a renewable assets platform it acquired in 2022 from Actis Llp at an enterprise value of $1.55 billion, said two people aware of the development. Shell, like other energy majors such as Malaysia’s state-run oil and gas company Petroliam Nasional Bhd, Total and Thailand’s …
