ReNew inks pact with Anzen to sell 300 MW operational solar asset in Raj

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ReNew inks pact with Anzen to sell 300 MW operational solar asset in Raj - Business Standard

Quick Summary:

ReNew Energy Global Plc (ReNew) on Monday said it has signed an agreement with Anzen to sell entire stake in its wholly owned subsidiary RSWPL at an enterprise value of USD 176 million.

Under the agreement, ReNew Private will sell 100 per cent shareholding and economic interest in ReNew Sun Waves Pvt Ltd (RSWPL), which houses a 300 MW operating solar asset to Anzen India Energy Yield Plus Trust (Anzen).

In a regulatory filing, ReNew said it "announces the signing of definitive agreement to sell RSWPL to Anzen.