Royal Dutch Shell in talks with India's CESL to invest $500m

Royal Dutch Shell Plc is in talks with state-run Convergence Energy Services Ltd (CESL) to invest $500 million in the state-run firm’s decentralized solar business, said two people close to the matter. “The discussions have been on for a while, with the final term sheet expected to be signed shortly. The proposed investment is planned at the asset level,” one of the two people said, requesting anonymity.