Gurgaon-based renewable energy company ReNew is set to list on Nasdaq on August 24, after RMG Acquisition Corp II’s shareholders agreed to the merger.
RMG II is a blank cheque special purpose acquisition company (SPAC), through which ReNew is listing on New York’s stock exchange at a valuation of $8 billion.
The funds raised from the listing will be used for both greenfield projects as well as further acquisitions, ReNew’s chairman and CEO Sumant Sinha said.