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ReNew Energy Global (RNW) investor relations material
ReNew Energy Global Investor Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Transaction update and consortium withdrawal
Masdar withdrew from the consortium, leading to the termination of all discussions regarding the proposed transaction after nearly a year of negotiations and due diligence.
No rationale was provided for Masdar's withdrawal, and there are no ongoing discussions for a new offer from the remaining consortium members.
The board and major shareholders, CPPIB and ADIA, reaffirmed their confidence in the business and its prospects.
Business outlook and financial position
Growth prospects remain strong, with reaffirmed megawatt and EBITDA guidance for the year.
Liquidity position is robust, with over $1 billion in cash and all projects fully funded through internal cash flows and capital recycling.
Leverage continues to decline, and the company has delivered positive PAT in successive quarters.
No impact on operations or funding plans is expected from the transaction's termination.
Strategic alternatives and shareholder value
The board is actively evaluating options to realize value from different business segments and will provide further updates at the next earnings call.
Capital allocation priorities, including potential share repurchases, are under review, with a focus on long-term value.
The company is not reliant on external capital infusion for its growth or deleveraging strategies.
Communication with investors will increase as new strategies are developed.
Next ReNew Energy Global earnings date
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