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ReNew Power’s $1B SPAC Deal May Blaze a Trail to Wall Street for Indian Unicorns: Report

August 23, 2021
1 minute read
RMG Acquisition Corp. II
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When ReNew Power, one of India’s leading renewable energy producers, merges Tuesday with Nasdaq-listed RMG Acquisition II, it is expected to become the first Indian company to raise more than $1 billion by combining with a U.S. SPAC, Fortune reports.

Investors are watching the deal closely because it could pave the way for a slew of similar transactions enabling Indian unicorns to raise billions from global capital markets via joining with SPACs. Read more.

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