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.
