ReNew Energy, a major Indian clean energy firm, faces a $2.82 billion buyout by its shareholders.

ReNew Energy Global, India's second-largest clean energy firm, has received a $2.82 billion buyout offer to delist from Nasdaq. The offer, at $7.07 per share (11.5% premium), comes from major shareholders including Canada Pension Plan Investment Board, Masdar, and ReNew's chairman Sumant Sinha. If successful, Japan's JERA would exit its stake, and the deal would provide liquidity for shareholders while ReNew refocuses on India's renewable energy goals.

3 months ago
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