Aditya Birla Group gets Rs 24,000 crore bank commitments for Shell deal, 70% more than planned

Aditya Birla Group secured loan commitments exceeding its initial acquisition funding needs. Axis Bank and State Bank of India offered substantial credit lines to the conglomerate. Union Bank and Punjab National Bank also provided significant credit facilities for the deal. This acquisition will transfer control of Shell's Indian renewable energy portfolio. Indian lenders show strong appetite for large corporate deals in the market.