• CPP Investments and ReNew founder-chairman CEO Sumant Sinha proposed buying the remaining shares they do not already own for USD 6.75 each.
• The proposal is non-binding. It contemplates an all-cash payout for non-consortium holders unless they elect to roll over and keep their shares.
• A board special committee of five independent directors, chaired by Manoj Singh, is evaluating the approach.
• Rothschild & Co was hired as financial adviser. Linklaters was retained as legal counsel.

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