ReNew Energy Global Receives Acquisition Proposal from Consortium

ReNew Energy Global ( (RNW) ) has issued an announcement.

ReNew Energy Global Plc has announced the receipt of a non-binding proposal from a consortium including Masdar, CPP Investments, ADIA’s subsidiary Platinum Hawk, and ReNew’s founder Sumant Sinha, to acquire the company’s remaining shares for $7.07 per share. To evaluate this proposal, ReNew has established a Special Committee comprising independent directors who will explore strategic capitalization opportunities with the support of financial and legal advisors. The announcement could significantly impact ReNew’s operations and market positioning as the committee evaluates its options, although no definitive outcomes are guaranteed at this stage.

More about ReNew Energy Global

ReNew Energy Global Plc is a leading decarbonization solutions company listed on Nasdaq. With a clean energy contracted portfolio of approximately 16.3 GWs, it stands as one of the largest globally. As a major independent power producer in India, ReNew provides comprehensive solutions in clean energy, digitalization, storage, and carbon markets, addressing climate change in a just and inclusive manner.

YTD Price Performance: -17.23%

Average Trading Volume: 861,244

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $2.37B

See more data about RNW stock on TipRanks’ Stock Analysis page.