Invesco Ltd. Has $18.01 Million Stake in ReNew Energy Global Plc (NASDAQ:RNW)

Invesco Ltd., a global investment management firm based in Atlanta, Georgia, has decreased its stake in ReNew Energy Global Plc NASDAQRNW by 11.8% during the third quarter of 2021. The company owned 3,315,830 shares of the company's stock after selling 443,774 shares during the quarter.

ReNew Energy Global Plc is a renewable energy company based in London, United Kingdom, that specializes in the development and operation of solar power projects around the world. The company has been listed on the NASDAQ Global Select Market under the ticker symbol RNW since 2018.

Invesco Ltd. is one of the largest investment management firms in the world, with over $1.3 trillion in assets under management as of December 31, 2020. The company operates in more than 40 countries and offers a wide range of investment products and services, including mutual funds, exchange-traded funds (ETFs), and institutional investment solutions.

The decrease in Invesco Ltd.'s stake in ReNew Energy Global Plc NASDAQRNW may be due to a variety of factors, such as changes in the company's financial performance or strategic direction, or market conditions. However, without more information, it is difficult to determine the specific reasons for this change.

It is important to note that institutional investors like Invesco Ltd. often hold large stakes in publicly traded companies and may buy or sell shares based on their investment strategies and beliefs. Therefore, changes in their stake holdings can have a significant impact on the company's stock price and overall performance.