ReNew Power raises $300 million through rights issue

ReNew Power has announced raising $300 million through a rights issue. According to the press statement, Goldman Sachs, Abu Dhabi Investment Authority, and Canada Pension Plan Investment Board have subscribed to the issue with each of the shareholders infusing $100 million into it.

The rights issue involved ReNew Power issuing compulsorily convertible preference shares to each of the investors which will be converted into equity at a subsequent stage.

GET ACCESS TO OUR ARTICLES

Enter your email address