ReNew Receives Final Non-Binding Offer from Masdar, CPP Investments, ADIA and Sumant Sinha
The final non-binding offer represents a 26.2 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 38.9 percent premium to the 30-day volume-weighted average price of USD 5.76 per share (as of December 10, 2024).
July 04, 2025. By News Bureau
This represents an increase of USD 0.93 per share, equivalent to 13.2 percent, from the initial non-binding proposal dated December 10, 2024.
The final non-binding offer represents a 26.2 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 38.9 percent premium to the 30-day volume-weighted average price of USD 5.76 per share (as of December 10, 2024).
As previously announced, the ReNew Board of Directors formed a Special Committee (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 final non-binding offer alongside its independent financial advisor, Rothschild & Co and independent legal counsel, Linklaters LLP. Active discussions with the Consortium remain ongoing and the Special Committee will provide an update to the market as soon as reasonably practicable.
No assurance can be given regarding the likelihood, terms or details of a potential transaction resulting from the final non-binding offer 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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