CPPIB Said to Explore Buying Out ReNew Energy Shareholders (2)

Canada Pension Plan Investment Board is exploring buying the shares of ReNew Energy Global Plc that it doesn’t already own and taking the Nasdaq-listed firm private, according to people with knowledge of the matter.

The asset manager is in talks with advisers to weigh a tender offer, according to the people, who asked not to be identified discussing confidential information. CPPIB holds a majority stake in ReNew Energy, the people said, adding that talks are ongoing and no final decision has been reached.

Delisting of the Gurugram, India-based power producer, with a market capitalization of more than $2.2 billion as ...