ReNew Power to merge with RMG for US listing2 min read . Updated: 24 Feb 2021, 11:57 PM IST
- Deal puts an enterprise value of around $8 bn on ReNew, and may close by Q2 of 2021
- ReNew Power deal comes against the backdrop of Indian energy cos eyeing the SPAC route
Goldman Sachs backed ReNew Power Ventures Pvt. Ltd on Wednesday took a step closer to a US listing by announcing a merger agreement with RMG Acquisition Corp. II (RMG II), a Nasdaq-listed special purpose acquisition company (SPAC).
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