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ReNew revives IPO plans, eyes overseas listing in London, NYSE

Investors have also explored potential merger with existing listed platforms in India and overseas.

Synopsis

Co hopes to finalise $550-600 mn investment by PTT for a approx. 20% stake in coming weeks as a pre-IPO deal

Mumbai: Buoyed by the rising global interest in Environmental, Social and Governance (ESG) investing, Goldman Sachs Group backed ReNew Power Ventures has revived its IPO plans, said multiple people aware of the discussion.However, unlike the failed attempt to list the company in 2018, the company is keen on an overseas listing in either London or the New York Stock Exchange. Several global investment banks have already made detailed presentation

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