ReNew Energy Global sells transmission project for USD 40 million

Reuters03-11 19:31
<a href="https://laohu8.com/S/RNW">ReNew Energy Global</a> sells transmission project for USD 40 million

ReNew said it received proceeds from the sale of its transmission project GTL. The transaction had an enterprise value of about USD 40 million. ReNew expects up to USD 6 million in additional earn-out proceeds tied to change-in-law payments. After transferring outstanding debt to the buyer, ReNew expects total cash inflow of about USD 16 million, including the change-in-law claim.

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