Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas advises ReNew Power, and its founder Sumant Sinha, on NASDAQ listing through business combination with RMG Acquisition Corporation ANI | Updated: Feb 25, 2021 19:13 IST
Mumbai (Maharashtra)/Delhi, [India], February 25 (ANI/NewsVoir): Separate teams of Cyril Amarchand Mangaldas advised ReNew Power Limited (ReNew Power), and Sumant Sinha (Founder of ReNew Power), in relation to ReNew Power entering into a definitive business combination agreement ( BCA ) with Blank Check company RMG Acquisition Corporation II (RMG II) Pursuant to the BCA, non-resident shareholders of ReNew Power will acquire shares of ReNew Energy Global PLC, a UK entity, in exchange for their shares in ReNew Power, along with a merger of RMG II with ReNew Energy Global PLC and a PIPE investment of over USD 855 million in the combined entity.
Cyril Amarchand Mangaldas advises ReNew Power
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Cyril Amarchand Mangaldas advises ReNew Power, and its founder Sumant Sinha, on NASDAQ listing through business combination with RMG Acquisition Corporation
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Cyril Amarchand Mangaldas advises ReNew Power
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RMG Acquisition Corporation II
ReNew Power, India’s Leading Renewable Energy Company, to Publicly List through Business Combination with RMG Acquisition Corporation II in $8 Billion Transaction
Wednesday, February 24, 2021 6:44PM IST (1:14PM GMT)
New York, United States & New Delhi, India:
ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions