ReNew Power explores overseas listing
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New Delhi, Oct. 18 -- Goldman Sachs backed ReNew Power Ventures Pvt. Ltd is exploring an overseas listing, said two people aware of the development.
This initial public offering (IPO) plan comes in the backdrop of Thailand' PTT Group looking to acquire a stake from Goldman Sachs Group in ReNew Power, one of India's largest clean energy company, underpinning the rising interest of South East Asian oil and gas majors to back green ventures in India.
ReNew Power' overseas listing plans comes after its earlier plan for IPO in India was put on hold. With investors such as Canada Pension Plan Investment Board (CPPIB), Japan' JERA Co. Inc., Abu Dhabi Investment Authority (ADIA) and GEF SACEF India; ReNew Power' IPO may also serve as a benchmar...
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