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1. What is ReNew Power?

ReNew Power Private Limited (“ReNew Power”) is India’s leading renewable energy independent power producer (IPP) by capacity and is the 10th largest global renewable IPP by operational capacity. ReNew Power develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects and distributed solar energy projects. As of March 31st, 2021, ReNew Power had a total capacity of approximately 10 GW of wind and solar energy projects across India, including commissioned and committed projects.

2. What is ReNew Energy Global PLC?

ReNew Energy Global PLC (“ReNew Global”), a public limited company incorporated in United Kingdom , listed on The Nasdaq Stock Market LLC (“Nasdaq”)  (RNW), is the parent of ReNew Power.

3. What is RMG Acquisition Corp. II? What is a SPAC?

RMG Acquisition Corporation II (NASDAQ: RMGB) (“RMG II”) was a SPAC which raised $345 million in its IPO. RMG II was sponsored and led by the team of Jim Carpenter, Bob Mancini and Phil Kassin, who together have over 100 years of principal investment, operational, transactional and CEO and public company board level leadership experience. RMG II will become a wholly owned subsidiary of ReNew Global upon completion of the merger.

A Special Purpose Acquisition Company (“SPAC”) is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses.

4. What exchange does ReNew Power trade on and what is its ticker symbol?

Traded on The Nasdaq Stock Market LLC (“Nasdaq”) with the ticker symbol of RNW.

5. What is ReNew Power’s fiscal year end?

The fiscal year end is March 31.

6. Who is the transfer agent for ReNew Power’s publicly traded units?

The transfer agent is Computershare Trust Company, N.A.

7. Does ReNew Power pay a dividend or have a direct stock purchase plan?

ReNew Power currently does not pay a dividend and does not have a stock purchase plan.

8. What are the CUSIP and ISIN numbers for ReNew Power’s shares?

For Class A shares: CUSIP is “G7500M 104” & ISIN is “GB00BNQMPN80”
For warrants: CUSIP is “G7500M 120” & ISIN is “GB00BNQMPP05”

9. How can I receive email alerts from ReNew Power?
It’s easy. All you need to do is to register your detail in our email notification system by registering your details on the Email Alerts page.
10. How do I contact ReNew Power Investor Relations?

Please visit Contact IR page under the Resources menu. Alternatively, you can also write to IR@renewpower.in.

11. How many warrants are there?
a) Private warrants issued to RMG II Sponsor: 7,026,807 (A)
b) Public warrants issued to RMG II shareholders and listed on NASDAQ: 11,499,966 (B)
c) Total warrants outstanding (A+B): 18,526,773
12. When do the warrants expire?
Warrants will expire five years after the completion of the business combination, i.e. August 23rd, 2026 or earlier upon redemption or liquidation
13. What is the strike price for the warrants and when can they be called?
a) Each warrant is exercisable at $11.5 per 1.0917589 Class A Ordinary Shares
b) Company may redeem warrants for cash when the price per Class A Ordinary Share equals or exceeds $18.00, if and only if the last reported sale price of Class A Ordinary Shares for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders equals or exceeds $18.00 per share
14. What impact do warrants have on the share count?
2,022,6773 additional Class A Ordinary Shares (Total warrants X 1.09176589) will be issued. Assuming strike price of $11.5 and exercise price of $18.0 per share. the total Class A Ordinary Shares added to the share count as per the Treasury Stock Method will be 7,304,112