Full Scheme Document Filed for $7.02/Share Take-Private by CPP Investments
RNW sits 56% above its 52-week low of $4.385.
Summary
The full preliminary Scheme Document for the $7.02 per share take-private by CPP Investments and Sumant Sinha has been filed. It details the rollover election, reorganisation into ReNew India, and conditions to completion, with the Court Hearing expected in Q1 2027.
Key Events · M&A and Partnerships · RNW
-
Full Scheme Document Filed
The complete preliminary Scheme Document dated September 22, 2026, has been filed for the $7.02 per share take-private by CPP Investments and Sumant Sinha, providing full terms of the scheme of arrangement.
-
Maximum Cash Outlay Disclosed
The Purchaser anticipates expending a maximum of approximately USD 625 million, net of fees, to acquire all Cash-Out Shares at $7.02 per share, assuming no rollover elections.
-
Irrevocable Undertakings Secured
JERA Nex and Platinum Cactus have irrevocably committed to vote in favor of the scheme, representing approximately 51% of the voting power of Scheme Shares and 32% of ReNew Shares as of September 18, 2026.
-
Rollover Election and Reorganisation
Eligible shareholders may elect to retain their shares through a rollover, subject to a 9.0% maximum U.S. rollover percentage, and will become direct shareholders of ReNew India following the proposed reorganisation.
Analysis · RNW · Energy & Transportation
The complete preliminary Scheme Document for the take-private transaction first announced on August 11, 2026, is now available. It lays out the full terms of the scheme of arrangement, including the rollover election mechanics, the proposed reorganisation into ReNew India, and the conditions to completion. The filing also discloses the maximum cash outlay of approximately USD 625 million and the irrevocable undertakings from JERA Nex and Platinum Cactus representing approximately 51% of the voting power of Scheme Shares. The Special Committee unanimously recommends shareholders vote in favor of the scheme, and the Court Hearing is expected in the first quarter of 2027.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 42.2% of the 325 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.39%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RNW was trading at $6.84 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $4.39 to $8.24. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.