Four key shareholders of ReNew energy offer buyout to facilitate Nasdaq delisting

A consortium of ReNew Energy Global Plc's major shareholders, including its founder, has proposed to acquire the remaining 28.3% stake, valuing the company at around $2.7 billion. This move aims to delist the green energy firm from Nasdaq, where its shares have underperformed since its 2021 listing. The offer price represents a premium, but still significantly below its initial valuation.