ReNew Power looks at listing overseas
ReNew Power Ventures Pvt. Ltd, one of India’s largest clean energy firms, is exploring an overseas listing, said two people aware of the plan that signals rising global interest in Indian green ventures.
This initial public offering (IPO) plan comes against the backdrop of Thailand’s PTT Group looking to acquire a stake from Goldman Sachs Group in ReNew Power and follows the shelving of an earlier plan for an Indian IPO.
With investors such as Canada Pension Plan Investment Board (CPPIB), Japan’s JERA Co. Inc., Abu Dhabi Investment Authority (ADIA) and GEF SACEF India, the overseas IPO may serve as a benchmark for others companies in India’s clean energy space.
