Goldman's to offload 14 per cent stake in ReNew Energy Global

09 Mar 2023 CW Team

According to two people who are familiar with the situation, Goldman Sachs is planning to sell its remaining 14 per cent stake in ReNew Energy Global, the Nasdaq-listed parent company of ReNew Power, to the Canada Pension Plan Investment Board (CPPIB) for approximately $268 million.

The pension fund, one of the largest in the world, will acquire a stake in ReNew totaling more than 51 per cent following the transaction. Goldman will be able to get out of ReNew, one of the biggest renewable energy companies in India, thanks to the deal. Over the course of several years, the Wall Street firm, which was one of the initial investors in ReNew, which was founded by Sumant Sinha, has been reducing its stake in the business. Canada Pension Plan, which manages more than $536 billion in assets, has been gradually increasing its stake in the business.

A CPPIB spokesperson stated, "We don't have any further comment other than information contained in the SEC filings" in response to an email inquiry. Goldman and Reestablish spokespersons didn't answer inquiries.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..