Renew Energy (RNW) Loses 27% as Firm Pulls Out from Acquisition Plan

Core Viewpoint - ReNew Energy Global Plc (NASDAQ:RNW) experienced a significant decline of 27.15% in its stock price, closing at $5.50, following the withdrawal of Masdar from a $1 billion acquisition plan [1][3]. Group 1: Acquisition Details - Masdar officially withdrew from a consortium aimed at taking ReNew Energy Global Plc private [2]. - The acquisition proposal was initially set at $7.07 per share and was raised to $8.15 per share after a year of negotiations [3]. - The consortium included CPP Investments, ADIA (through Platinum Hawk), and ReNew's founder and CEO, Sumant Sinha [3]. Group 2: Market Reaction - The withdrawal of Masdar led to a complete halt of the merger proposal, resulting in a sharp sell-off of ReNew Energy's shares [3]. - The market response indicates a loss of investor confidence in ReNew Energy following the failed acquisition attempt [1][3]. Group 3: Future Outlook - ReNew Energy Global Plc has not yet announced its next steps following the withdrawal of the acquisition transaction [4].