Riverside Capital Management’s RMG Acquisition II is planning to acquire India’s ReNew Power Pvt. Ltd at a valuation of almost $4 billion, Live Mint reports.
ReNew Power is one of India’s largest renewable energy firms. The company terminated its Indian IPO plans in 2019 amid market volatility.
RMG Acquisition II is expected to put in $300 million through equity and $150 million through warrants. Read more.
