ReNew Power to list on Nasdaq this month, RMG investors approve merger

ReNew is looking to be fully funded for its equity requirements till fiscal year 2025 through this listing

ReNew Power, one of India’s leading renewable energy companies, is expected to get listed on NASDAQ by the end of this month.
 
This will make it the second Indian green energy company to do so and the first through the ‘special purpose acquisition company’ (SPAC) route.  Azure Power was the first Indian green energy company to list on the US stock exchange in 2016.
 
RMG Acquisition Corp II, the US-based blank cheque company, which will aid the SPAC listing of ReNew Power, in a statement, said, “RMG II will become a wholly-owned subsidiary of ReNew Global, and ReNew