Gurugram, India-headquartered ReNew Energy Global has received a final non-binding offer dated July 2, 2025. The $8.00 per share bid was submitted by Masdar, CPP Investments, Platinum Hawk (ADIA), and Sumant Sinha. It raised the earlier offer made in December 2024 by $0.93 per share. The new offer reflected a 26.2% premium over the $6.34 closing price on December 10. It also marked a 38.9% premium to the 30-day average of $5.76 as of that date. A special committee of six independent directors, led by Manoj Singh, is reviewing the proposal. Rothschild & Co and Linklaters LLP are advising the committee. Active discussions with the consortium are ongoing. There is no assurance of a final deal or its terms.
ReNew gets final $8 per share bid from Masdar, CPP & ADIA
ReNew Energy Global has received a final $8 per share buyout offer from Masdar, ADIA's Platinum Hawk, CPP Investments, and Sumant Sinha, dated July 2, 2025.
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