{"id":561238,"date":"2023-03-07T11:58:37","date_gmt":"2023-03-07T06:28:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=561238"},"modified":"2023-03-07T11:58:37","modified_gmt":"2023-03-07T06:28:37","slug":"cppib-to-buy-goldmans-14-stake-in-renew-energy-global-for-about-268-millio","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cppib-to-buy-goldmans-14-stake-in-renew-energy-global-for-about-268-millio\/","title":{"rendered":"CPPIB to buy Goldman&#8217;s 14% stake in ReNew Energy Global for about $268 millio"},"content":{"rendered":"<p>Mumbai: Goldman Sachs is set to sell its remaining 14% stake in ReNew Energy Global \u2014 the Nasdaq-listed parent of ReNew Power \u2014 to Canada Pension Plan Investment Board (CPPIB) for about $268 million, said two people familiar with the matter.<\/p>\n<p>After the deal, the pension fund, one of the largest in the world, will become a majority shareholder in ReNew with a stake of over 51%. The deal will pave the way for Goldman\u2019s exit from ReNew, one of India&#8217;s largest renewable energy companies. The Wall Street firm, which was one of the early investors in Sumant Sinha-founded ReNew, has been trimming its stake in the company over the years. Canada Pension Plan, with assets under management of over $536 billion, has been gradually raising its holding in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Goldman Sachs is set to sell its remaining 14% stake in ReNew Energy Global \u2014 the Nasdaq-listed parent of ReNew Power \u2014 to Canada Pension Plan Investment Board (CPPIB) for about $268 million, said two people familiar with the matter. After the deal, the pension fund, one of the largest in the world, will become a majority shareholder in ReNew with a stake of over 51%. The deal will pave the way for Goldman\u2019s exit from ReNew, one of India&#8217;s largest renewable energy companies. The Wall Street firm, which was one of the early investors in Sumant Sinha-founded ReNew, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-561238","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561238","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=561238"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561238\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=561238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=561238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=561238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}