CPPIB looks to go big on ReNew as Goldman cuts stake - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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CPPIB looks to go big on ReNew as Goldman cuts stake

An existing investor, CPPIB is looking to raise its stake to over 40% by buying an additional 24% stake from Goldman Sachs Group, which had backed firstgeneration entrepreneur Sumant Sinha to create a green energy platform in 2011 with a $200 million commitment. The Wall Street investment bank is currently the largest shareholder with a 48% stake.

from Industry-Economic Times
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