ReNew Offloads 11% Stake in C&I Arm for $95 Million

LeapFrog Investments made an equity commitment of $50 million

March 17, 2026

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A consortium of three investors led by LeapFrog Investments, Emerging Market Climate Action Fund, and Carlyle AlpInvest has picked up a combined stake of approximately 11.3% in ReNew Green Energy Solutions, the commercial and industrial (C&I) platform of ReNew Energy Global.

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Parth Shukla