ReNew Power Announces IPO through Combination with RMG SPAC ReNew Power Private Limited, an Indian renewable energy producer, and RMG Acquisition Corporation II have made a business combination agreement which provides an IPO for ReNew on the Nasdaq Capital Market. The merged company will be named ReNew Energy Global PLC and be listed on the Nasdaq under the ticker symbol “RNW.” The transaction will consolidate ReNew’s position in solar and wind power generation in the Indian market, funding medium-term growth opportunities, as well as reducing its level of debt. The leadership of ReNew will remain unchanged, with Sumant Sinha as chairman and CEO of the merged company, overseeing its strategic growth initiatives and expansion.