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ReNew Energy Receives Fresh Offer from Masdar-led Consortium
July 7, 2025
ReNew Energy received a final non-binding offer from a consortium led by Masdar (aka Abu Dhabi Future Energy Company), Platinum Hawk, the Canada Pension Plan Investment Board (CPPIB) and Sumant Sinha, the Founder, Chairman and CEO of ReNew. Masdar is a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The consortium is planning to acquire the entire share capital of ReNew Energy for $8.00/share, up 13.2% from the initial $7.07/share offer made on 10 December 2024. This could see the deal valued at $3.2bn as compared to the December valuation of $2.8bn. As per LSEG data, CPPIB and ADIA are the top two investors in ReNew, with Goldman Sachs being an early investor before selling its entire stake prior to ReNew’s public listing in 2021.
ReNew’s dollar bonds were trading stable with its 4.5% 2028s at 95, yielding 6.3%.
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