ReNew Energy receives $7.02/share acquisition offer from CPP

ReNew Energy Global plc announced it has received a best and final non-binding proposal from Canada Pension Plan Investment Board (CPP Investments) and Sumant Sinha to acquire the company. The Consortium proposes to acquire all outstanding shares not already owned for US$7.02 per share in cash. This offer represents a 12.5% premium to the closing share price on May 28, 2026, and a 24.7% premium to the one-month volume-weighted average price, also marking a 4.0% increase from a prior offer. The transaction is structured as a UK scheme of arrangement, allowing non-Consortium shareholders to either receive cash or elect to retain their shares. A Special Committee is currently evaluating the proposal.