Climate Connections

ReNew Power Completes Business Combination with RMG Acquisition Corporation II

Retrieved on: 
Monday, August 23, 2021
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ReNew Power Private Limited, (ReNew Power or the Company) Indias leading renewable energy provider, today announced that it has completed its previously announced business combination with RMG Acquisition Corporation II (RMG II).

Key Points: 
  • ReNew Power Private Limited, (ReNew Power or the Company) Indias leading renewable energy provider, today announced that it has completed its previously announced business combination with RMG Acquisition Corporation II (RMG II).
  • Approximately 88% of the votes cast on the business combination proposal at the Extraordinary General Meeting were in favor of approving the business combination.
  • As a result of the business combination, RMG II has become a wholly owned subsidiary of ReNew Energy Global plc (the post-combination entity referred to in the remainder of this release as ReNew).
  • Neither ReNew, nor ReNew Power nor RMG II gives any assurance that either ReNew, ReNew Power or RMG II will achieve its expectations.