ReNew Power to go public via merger with blank-check firm: Reuters

India's renewable energy company ReNew Power said it would go public through an $8 billion merger with RMG Acquisition Corporation II, a blank-check firm, Reuters reported.

India’s renewable energy company ReNew Power said it would go public through an $8 billion merger with RMG Acquisition Corporation II, a blank-check firm, Reuters reported. The deal will be financed with cash proceeds of $1.2 billion, including an $855 million investment from Chamath Palihapitiya, BlackRock and Sylebra Capital. ReNew’s investors include Goldman Sachs and Canada Pension Plan Investment Board.

Source: Reuters