Goldman-backed ReNew Power to list on Nasdaq via $8 billion SPAC deal
The fund proceeds will be used to support ReNew s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity, as well as to reduce debt
Chitranjan Kumar | February 24, 2021 | Updated 19:52 IST
ReNew Power s deal with RMG Acquisition Corporation II is expected to close in the second quarter of 2021
ReNew Power, India s biggest renewable power producer, has decided to go public in the US through a merger with a special purpose acquisition company (SPAC) at a valuation of around $8 billion. Goldman Sachs Group-backed ReNew has entered into a merger agreement with RMG Acquisition Corporation II (RMG II) and the combined entity would be publicly listed on the Nasdaq, an American stock exchange. The deal is expected to close in the second quarter of 2021, subject to customary closing conditions.
CPPIB floats joint venture with Bengaluru s RMZ to tap office properties
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
ReNew Power to merge with RMG Acquisition Corporation - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.