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US$6.75 per share bid targets ReNew Energy (NASDAQ: RNW) in scheme

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

ReNew Energy Global Plc has received a non-binding proposal from Canada Pension Plan Investment Board and Founder/CEO Sumant Sinha to acquire all shares they do not already own for US$6.75 per share in cash. The potential deal would be implemented through a UK scheme of arrangement. Non-Consortium shareholders could either take the cash offer or elect to keep their shares and remain investors, with cash being the default if no election is made before the court hearing. An independent Special Committee of five non-executive directors, advised by Rothschild & Co and Linklaters LLP, is evaluating this and other strategic options. The company cautions that there is no assurance any transaction will be completed.

Positive

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Insights

ReNew received a non-binding $6.75/share go-private proposal now under independent review.

The proposal from CPP Investments and CEO Sumant Sinha to acquire ReNew at US$6.75 per share could lead to a take-private transaction via a UK scheme of arrangement. Shareholders may instead elect to retain their shares.

A five-member independent Special Committee, with its own financial and legal advisors, is assessing this offer alongside other capitalization and financing alternatives. The board highlights that the proposal is non-binding, and terms or completion are uncertain.

Outcome will depend on the Special Committee’s evaluation, any negotiated terms, and the scheme court process. Future company communications are expected as decisions are made or regulatory steps require further disclosure.

Proposed cash consideration US$6.75 per share Non-binding proposal price for ReNew shares
Clean energy portfolio 20.2 GW Gross portfolio as of May 18, 2026
BESS capacity (power) 1.7 GW Battery energy storage systems as of May 18, 2026
BESS capacity (energy) 6.2 GWh Battery energy storage systems as of May 18, 2026
Solar module manufacturing 6.4 GW Existing module capacity
Solar cell manufacturing 2.5 GW Existing cell capacity
Planned solar cell expansion 4 GW Expected operational by December 2026
UK scheme of arrangement regulatory
"The Proposed Transaction will be structured as a UK scheme of arrangement (the “Scheme”)."
Special Committee financial
"A Special Committee (“Special Committee”) of the Board of Directors of ReNew..."
A special committee is a group of people chosen by an organization to carefully examine a specific issue or problem, often when a decision could have significant consequences. Think of it as a task force brought together to investigate and recommend actions, ensuring that important matters are handled thoroughly and fairly. For investors, this means decisions are made with careful oversight, which can impact the organization's stability and future direction.
non-binding proposal financial
"announced that it has received a non-binding proposal dated May 28, 2026..."
A non-binding proposal is an offer or plan presented by one party that outlines terms they would like to pursue but does not create a legally enforceable obligation. Think of it like a detailed handshake or a draft invitation to negotiate: it signals intent and frames possible outcomes, but either side can walk away or change terms without legal penalty. Investors watch these because they can move a stock’s price by suggesting a possible deal, yet they carry higher uncertainty than formal agreements.
forward-looking statements regulatory
"This release includes “forward-looking statements” within the meaning of the “safe harbor” provisions..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
decarbonization solutions company financial
"ReNew is a leading decarbonization solutions company listed on Nasdaq..."
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

May 29, 2026

Commission File Number: 001-40752

 

 

 

RENEW ENERGY GLOBAL PLC

(Translation of registrant’s name into English)

 

 

 

 

C/O Vistra (UK) Ltd, Suite 3, 7th Floor

 

50, Broadway, London, England, SW1H 0DB, United Kingdom

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F Form 40-F

 

 

 

 


 

Other events

 

On May 29, 2026, ReNew Energy Global Plc (“ReNew” or the “Company”) (NASDAQ: RNW, RNWWW) announced that it has received a non-binding proposal dated May 28, 2026 from Canada Pension Plan Investment Board (“CPP Investments”) and Sumant Sinha (the Founder, Chairman and CEO of ReNew) (together with CPP Investments, the “Consortium”) to, subject to the Rollover (as defined below), acquire the entire issued and to be issued share capital of the Company not already owned by members of the Consortium, for cash consideration of US$6.75 per share (the “Proposed Transaction”).

The Proposed Transaction will be structured as a UK scheme of arrangement (the “Scheme”). In connection with the Scheme, each non-Consortium shareholder of the Company will be entitled to either (i) receive US$6.75 in cash for each Share it holds in exchange for transferring its shares to CPP Investments or its designated affiliates (the “Cash Offer”), or (ii) elect to retain its shares (the “Rollover”) and remain a shareholder of the Company. Under the terms of the non-binding proposal, unless a shareholder specifically makes an election for Rollover prior to the court hearing for the Scheme, such shareholder will receive the Cash Offer.

A Special Committee (“Special Committee”) of the Board of Directors of ReNew, comprising five independent non-executive Directors of ReNew and chaired by Manoj Singh, the Lead Independent Director, is currently evaluating the non-binding proposal.

The Special Committee's mandate is to rigorously explore and evaluate all strategic capitalization and financing opportunities available to the Company, including the proposal received from the Consortium, and to act in the best interests of all investors. To assist in these efforts, the Special Committee has retained an independent financial advisor, Rothschild & Co and independent legal counsel, Linklaters LLP.

While the Special Committee’s evaluations are underway, the ReNew Executive Management’s primary focus will be to continue to ensure the effective management of the Company and in addition, contribute to the evaluation process, as required by the Special Committee.

No assurance can be given regarding the likelihood, terms or details of a potential transaction resulting from the non-binding proposal received from the Consortium or any other potential transaction. Further decisions or disclosures by the Special Committee will be made as appropriate or required.

 

 


 

 

 

Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “objective,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “milestone,” “designed to,” “proposed” or other similar expressions that predict or imply future events, trends, terms and/or conditions or that are not statements of historical matters. Such forward-looking statements are based on current expectations and projections about future events and various assumptions. The Company cautions readers of this release that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control, that could cause the actual results to differ materially from the expected results.

The Company’s most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) or Form 6-Ks furnished to the SEC by the Company outline certain of these risks and uncertainties which may cause actual results to differ. Forward-looking statements should be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this release. The Company expressly disclaims any obligation or undertaking (except as required by applicable law) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

About ReNew

ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew’s clean energy portfolio of ~20.2 GW (including 1.7 GW/6.2 GWh of BESS) on a gross basis as of May 18, 2026, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that are increasingly integral to addressing climate change. In addition, ReNew has 6.4 GW of solar module and 2.5 GW of solar cell manufacturing capacities and is expanding its solar cells manufacturing capacity by another 4 GW, which is expected to be operational by December 2026. For more information, visit www.renew.com and follow us on LinkedIn, Facebook, X and Instagram.

 

Press Enquiries

pr@renew.com

Investor Enquiries

Anunay Shahi

Nitin Vaid

ir@renew.com

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 Dated: May 29, 2026

RENEW ENERGY GLOBAL PLC

 

By:

/s/ Kailash Vaswani

Name:

Kailash Vaswani

Title:

Chief Financial Officer

 

 

 

 

 


FAQ

What proposal did ReNew Energy Global Plc (RNW) receive at US$6.75 per share?

ReNew received a non-binding proposal from CPP Investments and Founder/CEO Sumant Sinha to acquire all shares they do not already own for US$6.75 per share in cash, via a UK scheme of arrangement, subject to further evaluation and approvals.

Who is in the consortium proposing to acquire ReNew Energy Global Plc (RNW)?

The consortium comprises Canada Pension Plan Investment Board (CPP Investments) and Sumant Sinha, ReNew’s Founder, Chairman and CEO. Together, they propose acquiring ReNew’s remaining share capital they do not already own, subject to a UK scheme of arrangement and standard approvals.

What choices do ReNew (RNW) shareholders have under the proposed transaction?

Non-Consortium shareholders may either receive US$6.75 in cash per share or elect to retain their shares and remain investors. If no Rollover election is made before the scheme court hearing, shareholders would receive the default cash consideration.

How is ReNew Energy Global Plc (RNW) evaluating the US$6.75 proposal?

An independent Special Committee of five non-executive directors, chaired by Manoj Singh, is evaluating the non-binding proposal. It has engaged Rothschild & Co as financial advisor and Linklaters LLP as legal counsel to review this and other strategic capitalization and financing options.

Is completion of the proposed ReNew (RNW) take-private transaction guaranteed?

Completion is not guaranteed. ReNew explicitly states there is no assurance regarding the likelihood, terms, or details of any potential transaction resulting from the non-binding proposal, and further decisions or disclosures will be made only as appropriate or required.

What is the scale of ReNew Energy Global Plc’s (RNW) clean energy portfolio?

ReNew reports a clean energy portfolio of about 20.2 GW on a gross basis as of May 18, 2026, including 1.7 GW/6.2 GWh of battery energy storage systems, positioning it among the larger decarbonization platforms globally.