Masdar and Consortium Aim to Acquire ReNew Energy Global Plc

Abu Dhabi's Masdar, alongside ReNew Energy's promoters, bids to acquire all shares of Nasdaq-listed ReNew Energy Global Plc, offering USD 7.07 per share. A Special Committee led by Manoj Singh will evaluate the offer, which could lead to the company delisting from Nasdaq.

Abu Dhabi-based Masdar and three promoters of ReNew Energy Global Plc have placed a bid to buy the complete share capital of the company, offering a cash consideration of USD 7.07 per share.

The ReNew Board has established a Special Committee, spearheaded by Lead Independent Director Manoj Singh and consisting of six independent non-executive directors, to assess the non-binding proposal.

If successful, this acquisition will result in ReNew Energy Global Plc's delisting from Nasdaq, highlighting the significance of the offer in the renewable energy market.