ReNew Energy Global Plc has agreed in principle to a $8.15-per-share cash buyout offer from a consortium of major investors — Masdar, CPP Investments, ADIA’s Platinum Hawk, and Chairman Sumant Sinha. The consortium seeks to acquire all outstanding shares and delist the company from Nasdaq.
This latest offer represents a notable premium over the previous $7.07-per-share proposal made in December 2024. Following the announcement, ReNew’s stock rose 3% to $7.76, though it remains 15% below its 2021 IPO price.
A special committee, advised by Rothschild & Co and Linklaters, found the offer fair and recommended shareholder approval if a binding agreement is reached. The deal is still subject to due diligence, regulatory approvals, and final documentation. Major shareholder JERA Nex has shown support, suggesting a likely smooth transition.
The move reflects ReNew Energy’s strategic shift toward private ownership amid challenging public market conditions for clean energy companies.
