ReNew Energy plunges as Masdar pulls out of buyout consortium

ReNew Energy Global (RNW) -28.9% to a 52-week low $5.26 after disclosing Masdar withdrew from the consortium pursuing a potential buyout of the company; as a result, the consortium will no longer proceed with the proposed transaction.

The decision follows a long period of engagement in which material and comprehensive due diligence was completed, the proposed offer price increased from $7.07/share in December 2024 to a best and final offer of $8.15/share in October 2025.

ReNew (RNW) said its underlying business continues to perform strongly while reconfirming full-year guidance; as announced in the recent quarterly earnings update, commissioned capacity is up 22% Y/Y and adjusted EBITDA up 24% Y/Y as reported in H1 FY 2026 results.