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CPPIB may offer to buy out ReNew minority shareholders – EQ Mag

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CPPIB may offer to buy out ReNew minority shareholders
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CPPIB may offer to buy out ReNew minority shareholders – EQ Mag

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Canada’s biggest pension fund manager CPP Investments (CPPIB) has initiated preliminary discussions with investment banks to explore the possibility of launching a tender offer to acquire the minority shareholders of Nasdaq listed renewable energy company ReNew Energy Global, which operates one of India’s biggest renewable energy platform – ReNew Power, said a person in the know.

At 8.00 PM on Friday, ReNew’s shares were trading at $4.96, up 13.1%, valuing the company at $1.92 billion…Read More…

Source: PTI

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Anand Gupta Editor - EQ Int'l Media Network
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