ReNew Energy Global plc announced that it has received a final non-binding offer from a consortium consisting of Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board, Platinum Hawk C 2019 RSC Limited, and Sumant Sinha to acquire the entire issued and to be issued share capital of the company not already owned by them. The offer is for a cash consideration of $8.00 per share, representing a 26.2% premium to the share price on December 10, 2024. The ReNew Board of Directors has established a Special Committee to evaluate the offer. Active discussions with the consortium are ongoing, and the market will be updated as soon as reasonably practicable.
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