ReNew Power may buy Actis Capital-backed Ostro Energy in $1.5b deal

ReNew Power may buy Actis Capital-backed Ostro Energy in $1.5b deal

Founded in 2011 by Sumant Sinha, ReNew Power has now over 1,000 MW of operational capacity from its own wind and solar projects. Photo: Pradeep Gaur/Mint

ReNew Power Ventures Pvt. Ltd is close to acquiring Ostro Energy Pvt. Ltd, the company that holds the renewable energy assets of buyout firm Actis Capital, for an enterprise value of Rs10,000 crore, according to two people directly aware of the development.

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