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9 May 2018

ReNew Energy gears up for possible $1bn IPO

The Tokyo Electric and Chubu Electric-backed renewable energy provider is targeting an initial $386m, though share sales could take the offering to $1bn.

Author: Robert Lavine, News Editor

ReNew Power, the India-based renewable power producer backed by energy utilities Tokyo Electric Power and Chubu Electric Power, filed yesterday to raise up to Rs 26bn ($386m) in an initial public offering.