Masdar pulls the plug on going private with ReNew

State-owned Masdar, West Asia’s biggest The sudden development came after the consortium revised its offer to $8.15 per share, up 15.3% from the initial bid of $7.07 per share made in December 2024, valuing the clean energy company at $2.8 billion at October-end. On Monday, ReNew’s market capitalisation fell to $2.02 billion.Last December, ReNew had announced its plans to leave the Nasdaq after losing more than 30% of its market value since listing in 2021.Masdar’s pull-out effectively ended the proposed t ...