India Digest: CPPIB picks stake in ReNew Energy; Good Glamm owns 90% in The Moms Co

India Digest: CPPIB picks stake in ReNew Energy; Good Glamm owns 90% in The Moms Co

Canada Pension Plan Investment Board (CPPIB) has acquired a 14% stake worth $268 million in ReNew Energy Global plc from Goldman Sachs. Separately, The Good Glamm group, a beauty and personal care-focused platform, has increased its stake in mother- and baby care brand The Moms Co to 90%.

CPPIB to buy stake in ReNew Energy

Canada Pension Plan Investment Board (CPPIB) has acquired a 14% stake worth $268 million in ReNew Energy Global plc from Goldman Sachs.

Following the deal, CPPIB will become a majority shareholder in ReNew with a stake of over 51%.

The other key shareholders in ReNew Energy are Abu Dhabi Investment Authority with 14.5% and Japan’s JERA with 7.1%. Public shareholders hold close to 22%, ET reported.

CPPIB and ReNew Energy are yet to respond to DealStreetAsia’s request for comment.

Good Glamm gets a 90% stake in The Moms Co

The Good Glamm group, a beauty and personal care-focused e-commerce roll-up platform, has increased its stake to 90% in direct-to-consumer (D2C) mother- and baby care brand The Moms Co.

It had acquired a 75% stake in the firm in 2021, ET reported.

Founders of The Moms Co will remain on the board and have the option to divest the remaining 10% stake in the next year.

ET reported that the husband-wife founder duo – Malika Sadani and Mohit Sadani – had not been actively involved with the company’s operations since the middle of last year.

Edited by: Padma Priya

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