CPP Investments, ReNew founder Sumant Sinha lift buyout offer for ReNew to USD 7.02 per share

Reuters2026/08/11 13:01

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CPP Investments and ReNew founder Sumant Sinha agreed to buy the remaining shares of Renew Energy Global for USD 7.02 each.
Offer values the equity at about USD 2.8 billion fully diluted, implying enterprise value of about USD 10.2 billion.
Price is a 12.5% premium to the USD 6.24 close on May 28, 2026; deal targeted to complete in Q1 2027.
Eligible shareholders can elect to roll over their entire stake instead of taking cash, subject to limits including a 9% cap for U.S. holders.
JERA Nex and Platinum Cactus, holding about 51.1% of voting power, committed to support the deal and elect the rollover.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Renew Energy Global plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-343552), on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CPP Investments, ReNew founder Sumant Sinha lift buyout offer for ReNew to USD 7.02 per share

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