Consortium Raises Take-Private Bid to $7.02/Share, Calls It Final Offer

summarizeSummary

The consortium seeking to take ReNew Energy Global private raised its cash offer to $7.02 per share and declared it the final bid, pressuring the special committee to accept or reject the deal.

check_boxKey Events · M&A and Partnerships · RNW

• Revised Offer at $7.02/Share

  The consortium raised its cash consideration from $6.75 to $7.02 per share, a 4% increase, and declared this its best and final non-binding offer.

• 30% Premium to Pre-Offer VWAP

  At the revised price, the bid delivers a 30% premium over the volume-weighted average price of $5.38 since December 15, 2025, when a prior Masdar-led deal collapsed.

• Advanced Negotiations

  Due diligence is substantially complete, the transaction agreement is near final, and the consortium expects to secure irrevocable undertakings from JERA and ADIA as a condition to signing.

• Rollover Option Remains

  Shareholders can still elect to roll over equity into the private entity, with reorganization steps outlined to convert the company into a direct holding in ReNew Private Limited.

auto_awesomeAnalysis · RNW · Energy & Transportation

The consortium led by CEO Sumant Sinha and CPP Investments has increased its non-binding offer to take ReNew Energy Global private from $6.75 to $7.02 per share — a 4% bump that the group labels its best and final. The revised bid represents a 30% premium to the volume-weighted average price since a prior deal with Masdar fell apart in December 2025. While still non-binding, the filing signals that negotiations are advanced: due diligence is substantially complete, transaction documents are near final, and the consortium expects to secure hard irrevocable undertakings from JERA and ADIA as a condition to signing. The special committee now faces a clear choice — accept this final offer or risk the consortium walking away.