Explanatory Note: This Amendment No. 2 (the “Amendment No. 2”) is being filed by the undersigned, pursuant to §240.13d-2(a), to amend and supplement the Schedule 13D filed with the U.S. Securities and Exchange Commission (the “SEC”) by the Reporting Persons on September 2, 2021 (the “Original Schedule 13D,” as amended and supplemented by the Amendment No. 1 to the Original Schedule 13D filed with the SEC by the Reporting Persons on November 21, 2022, and as further amended and supplemented by this Amendment No. 2 to the Original Schedule 13D (collectively, the “Schedule 13D”). Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported on the Original Schedule 13D. Capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed thereto in the Original Schedule 13D.
Item 4. | Purpose of Transaction. |
This Amendment No. 2 supplements Item 4 of the Original Schedule 13D by adding the following at the end of the section entitled “Registration Rights, Coordination and Put Option Agreement”:
As Founder Investors, the Reporting Persons have exercised the Founder Investor De Minimis Put Option.
Item 5. | Interest in Securities of the Issuer. |
This Amendment No. 2 amends and restates Item 5 of the Original Schedule 13D in its entirety as follows:
(a) – (b)
The following sets forth, as of the date of this Schedule 13D, the aggregate number of Class A Ordinary Shares and percentage of Class A Ordinary Shares beneficially owned by each of the Reporting Persons, as well as the number of Class A Ordinary Shares as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 254,673,898 Class A Ordinary Shares outstanding, as reported by the Issuer in the Annual Report on Form 20-F filed by the Issuer with the SEC on July 31, 2023:
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Reporting Person | | Amount beneficially owned | | | Percent of class | | | Sole power to vote or to direct the vote | | | Shared power to vote or to direct the vote | | | Sole power to dispose or to direct the disposition | | | Shared power to dispose or to direct the disposition | |
Cognisa Investment | | | 6,498,328 | | | | 2.6 | % | | | 0 | | | | 6,498,328 | | | | 0 | | | | 6,498,328 | |
Wisemore Advisory Private Limited | | | 4,939,313 | | | | 1.9 | % | | | 0 | | | | 4,939,313 | | | | 0 | | | | 4,939,313 | |
Sumant Sinha | | | 35,745,557 | | | | 14.0 | % | | | 24,307,915 | | | | 11,437,641 | | | | 24,307,915 | | | | 35,745,557 | |
As of the date hereof, Mr. Sinha is the record holder of one Class B Ordinary Share, which represents voting rights equal to (i) 82 Class A Ordinary Shares that would have been issued to Mr. Sinha and his affiliates if Mr. Sinha and his affiliates had exchanged their existing ordinary shares in ReNew India that they hold at the relevant time for Class A Ordinary Shares at an exchange ratio of 1-to-0.8289, (ii) 6,498,328 Class A Ordinary Shares that would have been issued to Cognisa and its affiliates if Cognisa and its affiliates had exchanged their existing ordinary shares in ReNew India that they hold at the relevant time for Class A Ordinary Shares at an exchange ratio of 1-to-0.8289, and (iii) 4,939,313 Class A Ordinary Shares that would have been issued to Wisemore and its affiliates if Wisemore and its affiliates had exchanged their existing ordinary shares in ReNew India that they hold at the relevant time for Class A Ordinary Shares at an exchange ratio of 1-to-0.8289. Cognisa and Wisemore are directly owned and controlled by Mr. Sinha. As a result, Mr. Sinha may be deemed to share beneficial ownership over the securities held by each of Cognisa and Wisemore. In addition, Mr. Sinha is the record holder of 24,307,833 Class A Ordinary Shares issuable upon the exercise of options awarded to Mr. Sinha within 60 days from the date hereof.
(c) Except as described in this Schedule 13D, the Reporting Persons have not engaged in any transactions with respect to the Class A Ordinary Shares in the past sixty days.
(d) None.
(e) Not applicable.