ReNew Energy Global plc

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.

ReNew Energy Global plc announced it received a non-binding proposal from Canada Pension Plan Investment Board (CPP Investments) and Sumant Sinha to acquire all outstanding shares not already owned by the Consortium for US$6.75 per share in cash. The proposed transaction is structured as a UK scheme of arrangement, offering shareholders the option to receive cash or elect to retain their shares. A Special Committee of independent directors, advised by Rothschild & Co and Linklaters LLP, is currently evaluating the proposal.

ReNew Energy Global plc announced its unaudited consolidated IFRS results for Q4 FY26 and the fiscal year ended March 31, 2026. For FY26, total income increased to INR 150,635 million (US$1,605 million) and net profit rose to INR 10,385 million (US$111 million). Q4 FY26 saw total income increase to INR 39,548 million (US$421 million), but net profit decreased to INR 777 million (US$8 million) primarily due to the absence of a gain on asset sale recognized in Q4 FY25 and higher finance costs. The company also provided FY27 guidance and announced a US$95 million equity investment in its commercial and industrial platform, ReNew Green Energy Solutions.