A subsidiary of Kumar Mangalam Birla Business Group has obtained acquisition loan commitments from at least four banks, which is 70% higher than the planned financing amount. Aditya Birla Group is applying for loans to acquire Shell Group's renewable energy assets in India. Banks such as Axis Bank of India and State Bank of India have promised to provide credit lines. This batch of credit grants highlights the strong will of local banks in India for large-scale corporate transactions. In the Indian M&A market, local banks are competing with international peers for financing large-scale acquisition projects.

A subsidiary of Kumar Mangalam Birla Business Group has obtained acquisition loan commitments from at least four banks, which is 70% higher than the planned financing amount. Aditya Birla Group is applying for loans to acquire Shell Group's renewable energy assets in India. Banks such as Axis Bank of India and State Bank of India have promised to provide credit lines. This batch of credit grants highlights the strong will of local banks in India for large-scale corporate transactions. In the Indian M&A market, local banks are competing with international peers for financing large-scale acquisition projects.