ReNew Energy Global on Tuesday announced that it had received a final non-binding proposal from its key shareholders — Abu Dhabi Future Energy Company-Masdar, Canada Pension Plan Investment Board (CPPIB), Platinum Hawk, and Sumant Sinha, the founder, chairman and CEO of ReNew — to acquire the shares of the company for a consideration of $8.15 per share.

“This represents an increase of $1.08 per share, equivalent to 15.3%, from the initial non-binding proposal dated December 10, 2024,” ReNew said. The revised proposal represents a 28.5% premium versus the undisturbed share price of $6.34 on December 10, 2024, being the closing share price prior to the initial non-binding proposal becoming public and a 41.5% premium to the 30-day volume-weighted average price of $5.76 per share (as of Dec

See Full Page