ReNew Energy Receives Final Non-Binding Proposal from Masdar, CPP Investments, ADIA and Sumant Sinha
ReNew Energy has received a revised non-binding proposal from Masdar, CPP Investments, ADIA, and Sumant Sinha, offering a 28.5 percent premium over its December 10, 2024, share price and a 41.5 percent premium to the 30-day average price.
October 15, 2025. By News Bureau
This represents an increase of USD 1.08 per share, equivalent to 15.3 per cent, from the initial non-binding proposal dated December 10, 2024. The Revised Proposal represents a 28.5 percent premium versus the undisturbed share price of USD 6.34 on December 10, 2024, being the closing share price prior to the initial non-binding proposal becoming public and a 41.5 percent premium to the 30-day volume-weighted average price of USD 5.76 per share (as of December 10, 2024).
The ReNew Board of Directors formed a Special Committee led by Manoj Singh, the lead Independent Director, consisting of the six independent non-executive ReNew Directors to consider the proposals received from the consortium.
The Special Committee is in the process of evaluating the Revised Proposal alongside its independent financial adviser, Rothschild & Co and independent legal counsel, Linklaters LLP. Active discussions with the consortium remain ongoing and the Special Committee will provide a conclusive update as soon as reasonably practicable.
No assurance can be given regarding the likelihood, terms or details of a potential transaction resulting from the Revised Proposal received from the consortium or any other potential transaction. Further decisions or disclosures by the Special Committee will be made as appropriate or required.
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