India’s second-largest renewables company plans Nasdaq delisting

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

ReNew has lost over 30% of its market value in three years since US listing

India’s second-largest renewable energy company ReNew is planning to leave the Nasdaq after losing more than 30 per cent of its market value since listing in 2021. ReNew, which has a market capitalisation of just over $2.4bn, was founded in 2011 and now has more than 10 gigawatts of renewable capacity, split roughly half between wind and solar.

“There is a high probability the consortium will be able to buy out the other shareholders and take ReNew private, although they might have to make a better offer,” Bernstein India analysts wrote in a note. “Subsequent to that it won’t be surprising to us to see the stock listed back in India with a capital raise to help ReNew realise its full potential.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen