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Rapid growth in renewable power needed to meet demand: Sumant Sinha

Rapid growth in renewable power needed to meet demand: Sumant Sinha
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Sumant Sinha , Purpose Acquisition Company , Renew Power , Special Purpose Acquisition Company , Climate Connect , சுமந்த் சீன்ஹா , நோக்கம் கையகப்படுத்தல் நிறுவனம் , புதுப்பித்தல் பவர் , சிறப்பு நோக்கம் கையகப்படுத்தல் நிறுவனம் , காலநிலை இணைக்கவும் ,

ReNew Power, India's leading renewable energy company, to publicly list through business combination with RMG Acquisition Corporation II in $8 billion transaction

ReNew Power, India’s leading renewable energy company, to publicly list through business combination with RMG Acquisition Corporation II in $8 billion transaction
26th February 2021
ANTARA/Business Wire
• ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
• Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions
• Total anticipated proceeds of $1.2 billion, comprised of $855 million, upsized, fully-committed private placement of common stock in ReNew Power (the “PIPE”) and $345 million of gross cash held in trust by RMG II, subject to redemptions; anticipated net primary proceeds of approximat ....

New York , United States , Nova Scotia , Abu Dhabi , Abuz Aby , United Arab Emirates , Caldwell Bailey , Philip Kassin , Cory Ziskind , Chamath Palihapitiya , Phil Kassin , Sumant Sinha , Cyril Amarchand Mangladas , Michael Bruun , Bob Mancini , Tt International Asset Management Ltd , Goldman Sachs , Abu Dhabi Investment Authority , Paribas Energy Transition Fund , Acquisition Corporation , Ropes Gray , Icr Inc , Registrar Of Companies , Renewable Energy , Khaitan Co , Exchange Board Of India ,

ReNew Power, India's Leading Renewable Energy Company, to Publicly List through Business Combination with RMG Acquisition Corporation II in $8 Billion Transaction

RMG Acquisition Corporation II
ReNew Power, India’s Leading Renewable Energy Company, to Publicly List through Business Combination with RMG Acquisition Corporation II in $8 Billion Transaction
Wednesday, February 24, 2021 6:44PM IST (1:14PM GMT)

New York, United States & New Delhi, India:

ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions ....

New York , United States , Abu Dhabi , Abuz Aby , United Arab Emirates , Caldwell Bailey , Cory Ziskind , Chamath Palihapitiya , Phil Kassin , Sumant Sinha , Cyril Amarchand Mangladas , Michael Bruun , Bob Mancini , Tt International Asset Management Ltd , Goldman Sachs , Abu Dhabi Investment Authority , Paribas Energy Transition Fund , Acquisition Corporation , Ropes Gray , Icr Inc , Registrar Of Companies , Renewable Energy , Khaitan Co , Exchange Board Of India , Solar Energy Corporation Of India , Morgan Stanley Co ,