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ReNew Power Set To List On NASDAQ On August 24

solar and wing energy

Gurgaon-based renewable energy company ReNew Power 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.

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