DEAL FINALIZES: CPPIB Buys Stake in ReNew Power Ventures from ADB

Posted on 01/22/2018


The Canada Pension Plan Investment Board (CPPIB) acquired a 6.3% stake in ReNew Power Ventures Pvt. Ltd. from the Asian Development Bank for US$ 144 million. ReNew Power was formed in 2011 and is backed by the Abu Dhabi Investment Authority (ADIA) and Goldman Sachs. CPPIB revealed that investments in India totaled C$ 6.1 billion […]