Abu Dhabi Investment Authority disclosed that it submitted a “best and final” non-binding proposal to the special committee of ReNew Energy Global’s (RNW) board, increasing the price per share that the consortium is proposing to pay to acquire all of the shares not presently owned to $8.15 per share. “The Revised Proposal is non-binding, and no agreement, arrangement or understanding between the Consortium or any Consortium Members, on the one hand, and the Issuer, on the other hand, relating to the Revised Proposal, the Proposed Transaction or any other transaction will be created until such time as definitive agreements for the Proposed Transaction have been executed and delivered,” Abu Dhabi Investment Authority said in a regulatory filing.
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