03/11/2026 | Press release | Distributed by Public on 03/11/2026 05:30
Other events
On March 11, 2026, ReNew Energy Global Plc ("ReNew") announced that it has received proceeds from sale of the transmission project ("GTL"), it had announced on December 02, 2025. The enterprise value of the sale transaction is approximately $40 million*, excluding net current assets and change-in-law proceeds. Additionally, up to $6 million* is expected to be received as an earn-out on account of change-in-law proceeds after the payments are realized by the SPVs.
After the transfer of the outstanding debt to the buyer, the transaction will result in a total cash inflow of approximately $16 million*, including the CIL claim.
*Based on the exchange rate of $1 = INR 92.00