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Bond Market News
Masdar Withdraws From ReNew Energy Proposed Buyout
December 17, 2025
Masdar, also known as Abu Dhabi Future Energy Company, has withdrawn from a consortium planning to take India’s ReNew Energy Global private, leading to the collapse of the proposed buyout. ReNew disclosed in a filing with the US SEC that the Masdar-led group, which also included Platinum Hawk, a subsidiary of the Abu Dhabi Investment Authority (ADIA), Canada Pension Plan Investment Board (CPP Investments), and ReNew founder and CEO Sumant Sinha, will not proceed with the transaction. The decision follows an extended period of discussions between ReNew’s special committee and the consortium, during which the proposed offer price was increased from $7.07 per share in December 2024 to a final $8.15 per share in October 2025. ReNew’s board-appointed special committee confirmed that all negotiations have now been terminated. ReNew is India’s second-largest clean energy producer, operating 10.3 GW of renewable assets, with CPP Investments and ADIA as its two largest shareholders. Following the announcement on Monday, ReNew’s Nasdaq-listed shares plunged nearly 28% to a 52-week low.
ReNew’s dollar bonds traded stable with its 4.5% 2028s at 95.9, yielding 6.2%.
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