ReNew Energy Global Plc filed a Form 6-K on October 28, 2026, disclosing a side letter executed that same day with Canada Pension Plan Investment Board and founder Sumant Sinha, amending leaver provisions related to replacement awards under the New Incentive Plan in connection with the previously announced proposed acquisition of the company.

Key Highlights

  • Side Letter signed: ReNew Energy Global Plc, CPP Investments, and Sumant Sinha entered into a side letter to the Transaction Agreement on October 28, 2026.
  • Scope of amendment: The side letter amends the leaver provisions applicable to certain replacement awards under the New Incentive Plan, as set out in paragraph 4.2(h) of Part 1 of Schedule 3 to the Transaction Agreement.
  • Original agreement: The Transaction Agreement was dated August 11, 2026, and covered the proposed acquisition of the entire issued and to be issued share capital of ReNew not already owned by members of the Consortium.
  • Agreement remains in effect: Except as expressly amended by the side letter, the Transaction Agreement remains in full force and effect in accordance with its terms, according to the filing.
  • Consortium parties: The Consortium consists of CPP Investments and Sumant Sinha, identified in the filing as the Founder, Chairman and CEO of ReNew.
  • Ticker: The company is listed on NASDAQ:RNW.

ReNew Energy's Side Letter Narrows Scope of Leaver Provisions for Replacement Awards

ReNew Energy Global Plc (NASDAQ:RNW) disclosed in a Form 6-K for the month of October 2026 that it had executed a side letter to the Transaction Agreement originally dated August 11, 2026. That agreement, furnished to the SEC on August 11, 2026, set out the terms of a proposed acquisition by the Consortium - comprising Canada Pension Plan Investment Board and Sumant Sinha, the company's Founder, Chairman and CEO - of the entire issued and to be issued share capital of ReNew not already held by Consortium members.

According to the filing, the side letter, signed on October 28, 2026, amends specifically the leaver provisions applicable to certain replacement awards under the New Incentive Plan, as referenced in paragraph 4.2(h) of Part 1 of Schedule 3 to the Transaction Agreement. The filing states that "except as expressly amended by the Side Letter, the Transaction Agreement remains in full force and effect in accordance with its terms." The full text of the side letter is attached as Exhibit 99.1 to the filing, and the filing notes that the description provided is "not complete and is subject to, and qualified in its entirety by reference to" that exhibit.

The filing was signed by Kailash Vaswani, Chief Financial Officer of ReNew Energy Global Plc, on October 28, 2026. The filing also notes that it contains forward-looking statements, which the company cautions are "subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control, that could cause the actual results to differ materially from the expected results."

What Was Disclosed

ReNew Energy Global Plc filed a Form 6-K disclosing a side letter dated October 28, 2026, between the company, CPP Investments, and Sumant Sinha, amending leaver provisions for certain replacement awards under the New Incentive Plan tied to the proposed acquisition transaction.