{"id":466061,"date":"2022-02-04T09:02:30","date_gmt":"2022-02-04T03:32:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=466061"},"modified":"2022-02-04T09:29:48","modified_gmt":"2022-02-04T03:59:48","slug":"renew-energy-global-announces-a-share-buyback-worth-250-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renew-energy-global-announces-a-share-buyback-worth-250-million\/","title":{"rendered":"ReNew Energy Global announces a share buyback worth $250 million"},"content":{"rendered":"<p>ReNew Energy Global (ReNew), the listed parent of Indian renewable energy company ReNew Power, has announced a share buyback worth $250 million just six months after getting listed on the Nasdaq index in the US.<\/p>\n<p>In an exchange notification, ReNew said its board has authorised a new $250 million share repurchase program to buy back Class A ordinary shares.<\/p>\n<p>The stock price of ReNew has fallen from its listing price of $11 apiece in August to $6.26 currently, which is a slight recovery from the low of $5.06 apiece it hit in December.<\/p>\n<p>Moody\u2019s Investors Service in a recent note said the share buyback is \u201ccredit negative\u201d for ReNew Power.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ReNew Energy Global (ReNew), the listed parent of Indian renewable energy company ReNew Power, has announced a share buyback worth $250 million just six months after getting listed on the Nasdaq index in the US. In an exchange notification, ReNew said its board has authorised a new $250 million share repurchase program to buy back Class A ordinary shares. The stock price of ReNew has fallen from its listing price of $11 apiece in August to $6.26 currently, which is a slight recovery from the low of $5.06 apiece it hit in December. Moody\u2019s Investors Service in a recent note [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-466061","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=466061"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466061\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=466061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=466061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=466061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}