Grasim Industries is strategically acquiring Sprng Energy to accelerate its renewable energy business growth. This acquisition is expected to significantly increase the renewable energy segment’s revenue share by FY28. The company acquired Sprng Energy’s solar portfolio at a discount to current market rates. However, the deal will increase financing costs and may impact near-term profitability. Grasim’s moderate leverage indicates capacity to absorb additional debt from this acquisition.
India raises $73 bn in forex inflows at record pace
India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap
August 25, 2026