 "Goldman Sachs")
Goldman Sachs, which entered the Indian renewable energy (RE) space with a Rs 1,000-crore investment in erstwhile ReNew Power back in 2011, has now exited the company in order to comply with US state securities regulations. The rules restrict the ownership of securities beyond 10 years in a company.
On March 3, CPPIB bought Goldman’s shares for $268 million and now owns 76 million Class-A shares, one Class-D share and 118 million Class-C shares in ReNew. Class-A shares offer voting rights. The shares were priced at $4.8 each.
Sumant Sinha promoted the solar and wind energy company, which was one
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