CPPIB completed the acquisition of an additional 14% stake in ReNew Energy Global from Goldman Sachs for $269m.

CPPIB, a Canadian public pension fund, completed the acquisition of an additional 14% stake in ReNew Energy Global, a renewable energy company based in India, from Goldman Sachs, an investment banking company, for $269m. Goldman Sachs has been offloading its shares of ReNew recently, in a bid to comply with US laws. Moody’s Investors Service sees the stake sale as a credit positive for RPPL, as it provides more visibility into RPPL’s long-term shareholder structure.