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Renew Power listed on Nasdaq with $4.5 Billion Market Cap

ReNew Energy, a major Indian renewable energy firm, on 24th August 2021 got listed on the Nasdaq Stock Exchange via special purpose acquisition company (SPAC) route and achieved market capitalization of around $4.5 billion (about ₹ 33,500 crore).

This is the biggest listing of an Indian entity through SPAC on Nasdaq. The shares were quoted at a price of US$ 8.46 in early trade.