Thailand’s PTT Group eyes to buy a stake in ReNew Power

Thailand’s PTT Group is reportedly in talks with Goldman Sachs Group to buy a stake in ReNew Power

PTT is reportedly conducting a detailed due diligence exercise and has indicated its openness to invest a minimum of $500 million in the company at around $2.2 billion valuation. Consulting firm EY is advising the Thai company. Goldman Sachs is the largest shareholder of Renew Power with a 48 per cent stake.

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