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 Energy

30 Oct 2025

Queensland, Australia Backs METS Delegation for India’s Flagship Mining Expo – IME 2025

Trade and Investment Queensland (TIQ) — the Queensland Government’s global business agency — is leading a high-level delegation of mining equipment, technology and services (METS) companies to the International Mining, Equipment & Minerals Exhibition (IME) 2025, being held in Kolkata from October 30 to November 2.The delegation highlights Queensland, Australia’s world-class mining expertise across digital innovation, mine safety, critical-minerals technology, and sustainable mining solutions — aligning with India’s rapid transformation of its mining and resources sector to supp..

ABB India Expands Local Production with New Line for Energy-Efficient Drives

ABB India has announced the expansion of its local manufacturing footprint with the launch of a new production line for variable speed drive (VSD) modules at its Peenya facility in Bengaluru. The new line enhances ABB’s local production capacity for drives by around 25 per cent, supporting the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.Equipped with state-of-the-art automation and digital monitoring technologies, the new line is designed to meet the rising demand for energy-efficient and high-performance drives across industries such as buildings, da..

Aimtron Secures International IoT Order Worth $3.9 Million

Aimtron Electronics, one of India’s fastest-growing Electronics System Design and Manufacturing (ESDM) companies, has announced that it has secured a major international IoT order worth $3.946 million (approximately Rs 340.69 million) from a leading global client. The contract involves the manufacture and export of 200,000 IoT devices over the next 12 to 15 months.This order marks a significant milestone in Aimtron’s global expansion, underscoring its capability to deliver complete box-build IoT solutions that meet international quality standards. The deal is expected to strengthen the com..