{"id":431971,"date":"2021-08-25T11:30:17","date_gmt":"2021-08-25T06:00:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431971"},"modified":"2021-08-25T11:30:17","modified_gmt":"2021-08-25T06:00:17","slug":"renew-power-completes-merger-with-us-based-rmg-ii","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renew-power-completes-merger-with-us-based-rmg-ii\/","title":{"rendered":"ReNew Power completes merger with US-based RMG II"},"content":{"rendered":"<p>ReNew Power Pvt Ltd (ReNew Power) on Tuesday said it has completed &#8220;business combination&#8221; with US-based RMG Acquisition Corporation II (RMG II). ReNew Power in February had announced merger with blank-check company RMG II, giving India&#8217;s biggest renewable power producer an enterprise value of USD 8 billion and listing on NASDAQ.<\/p>\n<p>A blank-check company is a developmental stage firm that does not have an established business plan.<\/p>\n<p>&#8220;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&#8230;as ReNew,&#8221; ReNew Power said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ReNew Power Pvt Ltd (ReNew Power) on Tuesday said it has completed &#8220;business combination&#8221; with US-based RMG Acquisition Corporation II (RMG II). ReNew Power in February had announced merger with blank-check company RMG II, giving India&#8217;s biggest renewable power producer an enterprise value of USD 8 billion and listing on NASDAQ. A blank-check company is a developmental stage firm that does not have an established business plan. &#8220;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&#8230;as ReNew,&#8221; ReNew Power said in a statement.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-431971","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=431971"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431971\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}