ReNew Power Ventures Private Limited is planning an IPO that may let some of its existing investors sell part of their stake. The total size of the IPO is pegged at $700 million. The company has appointed Goldman Sachs, JM Financial and Kotak Mahindra as merchant bankers to manage the IPO. Early investors in the company, including Goldman Sachs and the Abu Dhabi Investment Authority (ADIA), could make a partial exit via the IPO.
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