In September 2016, Tata Power Renewable Energy acquired 100 percent shareholding in Welspun Renewables Energy (WREPL) and its subsidiaries for $1.4 billion (~Rs.93.8 billion) which was one of the largest acquisition in the Indian renewable energy sector at that time, but this acquisition by ReNew is valued at ~$1.6 billion. This is the largest transaction in terms of the enterprise value in the Indian renewable energy sector.