CPPIB To Buy 15 Per Cent In Renew Power

CPPIB To Buy 15 Per Cent In Renew Power

CPP Investment Board is acquiring a 14-15% stake in Sumant Sinha-led ReNew Power Ventures for $350 million (Rs 2,250 crore), industry sources said, making the Canadian pension fund manager the third largest stakeholder in the company where Goldman Sachs holds the majority share.

Renew Eyes Orange’s Portfolio In $950 Million Deal To Bulk Up Before IPO

Renew Eyes Orange’s Portfolio In $950 Million Deal To Bulk Up Before IPO

Sumant Sinha led ReNew Power Ventures Pvt Ltd, a Goldman Sachs backed clean energy company — is in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, according to multiple officials in the know.