Canada Pension Plan Investment Board (CPPIB) has filed Amendment No. 10 to its Schedule 13D for ReNew Energy Global plc. The filing confirms that CPPIB beneficially owns 88,846,844 Class A shares, representing 34.6 % of the outstanding class (244,266,823 shares as of 31 Mar 2024). The ownership figure includes 76,501,166 shares already held and the right to receive an additional 12,345,678 shares upon exchange of equity in ReNew India, plus voting rights attached to one Class D share.
Revised go-private proposal: On 2 Jul 2025, CPPIB and its consortium partners—Platinum Hawk C 2019 RSC Ltd., Abu Dhabi Future Energy Company PJSC-Masdar, and Sumant Sinha—submitted a non-binding proposal to acquire all remaining Class A shares at USD $8.00 per share. The filing states that no binding agreement exists until definitive documentation is executed.
Consortium Bid Conduct Agreement: An amendment signed 3 Jul 2025 extends the agreement’s outside date for certain restrictions to 30 Sep 2025, giving the parties additional time to negotiate and complete diligence.
The amendment does not otherwise change previously reported information and attaches the revised proposal (Exhibit 99.13), the amended bid conduct agreement (Exhibit 99.14), a power of attorney (Exhibit 99.15), and an updated list of covered persons (Exhibit 99.16).
- Form type: Schedule 13D/A (Amendment 10)
- Filing person: Canada Pension Plan Investment Board (Canadian federal entity)
- Date triggering filing: 2 Jul 2025
- Purpose: Disclosure of increased offer price and extension of consortium agreement terms