CPPIB looks to go big on ReNew as Goldman cuts stake

An existing investor, CPPIB is looking to raise its stake to over 40% by buying an additional 24% stake from Goldman Sachs Group, which had backed firstgeneration entrepreneur Sumant Sinha to create a green energy platform in 2011 with a $200 million commitment. The Wall Street investment bank is currently the largest shareholder with a 48% stake.

from Markets-Economic Times https://ift.tt/38xWhSg