ReNew receives final non-binding offer from Masdar, CPP Investments, ADIA, and Sumant Sinha

ReNew Energy Global has received a final non-binding offer from a consortium of its promoters to acquire the company’s entire issued and to be issued share capital not already owned by the Consortium, for cash consideration of $8.00 per share. This offer is 13.2% higher than the initial proposal made on Dec. 10, 2024.

July 4, 2025 Uma Gupta

Sumant Sinha, chairman and CEO of ReNew

Image: ReNew

ReNew Energy Global Plc (ReNew) has received a final non-binding offer from a consortium of its promoters to acquire the entire issued and to be issued share capital of the company not already owned by members of the Consortium, for cash consideration of $8.00 per share.

This per-share offer is $0.93 (13.2%) higher than the initial proposal made on December 10, 2024. It also represents a 26.2% premium over ReNew’s undisturbed share price of $6.34 on Dec. 10 and a 38.9% premium over the 30-day volume-weighted average price of $5.76 as of Dec. 10, 2024.

The consortium comprises Masdar, Canada Pension Plan Investment Board (CPP Investments), Platinum Hawk (an arm of the Abu Dhabi Investment Authority, ADIA) and Sumant Sinha (the founder, chairman and CEO of ReNew).

As previously announced, ReNew’s Board of Directors has formed a Special Committee of six independent non-executive directors, led by Manoj Singh, Lead Independent Director, to evaluate the proposal. The Special Committee is evaluating the final non-binding offer alongside its independent financial advisor, Rothschild & Co and independent legal counsel, Linklaters LLP. Discussions with the Consortium are ongoing and the Special Committee will provide an update to the market as soon as reasonably practicable, stated ReNew.

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