ReNew IPO likely to be deferred


ReNew IPO likely to be deferred

The high profile ReNew Power initial public offering (IPO) may have run into rough weather and is likely to get postponed after investors showed lukewarm appetite towards the proposed issue with aggressive valuations and size, said four sources involved.

Moreover all regulatory approvals have not come in yet. The Goldman Sachs-backed renewable energy company in May filed its draft IPO documents with the regulators to raise up to $1billion. Its other high profile backers include Canada P ..

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