The proposed buyout and delisting of ReNew Energy Global from Nasdaq has collapsed after Abu Dhabi-based Masdar exited the investor consortium, triggering a sharp 28% drop in the company’s stock on Monday.
Masdar, which led the four-member consortium, withdrew its nearly $1 billion cash offer over the weekend, effectively ending discussions to take India’s leading clean energy company private. The exit followed a revised consortium offer of $8.15 per share, a 15.3% increase over the initial $7.07 bid made in December 2024, which had valued ReNew at approximately $2.8 billion. After Masdar’s withdrawal, ReNew’s market capitalisation fell to around $2.02 billion.
The consortium included Masdar, Canada Pension Plan Investment Board, Abu Dhabi Investment Authority, and ReNew founder Sumant Sinha, collectively controlling about 64% of the company. ReNew confirmed that all discussions regarding the transaction have been terminated.
Despite the buyout collapse, ReNew management stated the company has adequate liquidity, with cash and cash equivalents of nearly $1 billion, and no immediate requirement to raise additional capital. The company continues to focus on its clean energy growth initiatives, remaining a key player in India’s renewable energy sector.
