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
7 mins read,
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
To Read the Full Story, Become an ET Prime Member
Access the exclusive Economic Times stories, Editorial and Expert opinion
Already a Member? Sign In now
Why
Sharp Insight-rich, Indepth stories across 20+ sectors
Access the exclusive Economic Times stories, Editorial and Expert opinion
- Clean experience with
Minimal Ads - Comment & Engage with ET Prime community
- Exclusive invites to Virtual Events with Industry Leaders
- A trusted team of Journalists & Analysts who can best filter signal from noise