ReNew power buys Ostro in biggest renewables sector deal

Sumant Sinha-led Re-New Power Ventures has finalised the takeover of Ostro Energy for an enterprise value of ?10,800 crore ($1.66 billion), the biggest M&A deal in the renewables sector, sources close to the deal said.
The deal, part of the wave of consolidation in the rapidly-expanding sector, makes ReNew Power the largest renewable energy company in the country with total commissioned and under-construction assets of about 4,300 MW.

It is now well ahead of Tata Power Renewable ..


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