Independent power producer ReNew Power has agreed to go public through a merger with RMG Acquisition Corporation II, a US special purpose acquisition company (SPAC), in a deal that values the combined entity at US$8 billion.
ReNew Power eyes US listing via SPAC at $4 bn valuation
ReNew is in talks to merge with RMG Acquisition II, owned by Nasdaq-listed Riverside Capital Management.
Indian online grocer Grofers said to seek SPAC deal after stalled M&A talks
Grofers is considering a merger with a special purpose acquisition company (SPAC) that would allow it to ‘indirectly’ list on one of the US public markets.