24/7 Market News Snapshot 03 July, 2025 – ReNew Energy Global plc Class A Ordinary Shares (NASDAQ:RNW)

July 3, 2025

DENVER, Colo., 03 July, 2025 (www.247marketnews.com) – (NASDAQ:RNW) are discussed in this article.
ReNew Energy Global plc has experienced a noteworthy recovery, with its Class A Ordinary Shares (RNW) opening at $7.385 and currently trading around $7.540, marking an impressive gain of approximately 8.96% since its previous close of $6.920. This upward movement indicates strong momentum, reflected in a trading volume of 5.41 million shares, which suggests heightened investor interest. In the wake of recent developments, traders should closely monitor the resistance levels, especially the pivotal price point of $7.50, to potentially capitalize on further growth within the renewable energy sector.

In parallel, ReNew has drawn attention following a significant offer from a consortium that includes noted entities such as Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board (CPP Investments), Platinum Hawk, and the Company’s Founder, Chairman, and CEO, Sumant Sinha. The consortium has submitted a non-binding proposal to acquire all outstanding shares of ReNew not already owned by its members, offering $8.00 per share. This proposal signifies a robust increase of $0.93 per share, corresponding to a 13.2% premium over the initial offer made in December 2024. Furthermore, it presents a 26.2% premium relative to ReNew’s share price of $6.34 prior to the preliminary offer and a striking 38.9% premium over the average share price of $5.76 from the preceding 30 days.

In light of this pivotal moment, ReNew’s Board of Directors has formed a Special Committee, headed by Lead Independent Director Manoj Singh, to thoroughly assess the non-binding offer. This committee, comprised entirely of independent directors, is collaborating with independent financial advisor Rothschild & Co. and legal counsel Linklaters LLP to evaluate the proposal meticulously. ReNew remains steadfast in its commitment to navigating this situation carefully while continuing its mission to transform energy frameworks and address climate change with innovative solutions as a leading global clean energy producer.

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