Canada Pension Plan Investment Board (CPPIB) has become the majority owner of ReNew Energy Global plc with it agreeing to buy $268.6 million worth of shares from Goldman Sachs on March 2.
The transaction was completed at a per-share price of $4.8, according to a recent regulatory filing.
Post the transaction, CPPIB owns over 76 million Class A shares, one Class D share and over 118.363 million Class C shares, taking its total economic interest to 51.6%.
CPPIB has significant investments in the renewable space. The group holds a diversified portfolio, primarily long-term tangible assets, including renewable energy sources such as wind, solar and hydro, as well as conventional power, upstream oil and gas, energy midstream, carbon capture and liquefied natural gas.
ReNew has different classes of shares, with voting rights only vested with Class A shares.
This story is from the March 07, 2023 edition of Hindustan Times.
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This story is from the March 07, 2023 edition of Hindustan Times.
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