Proposal to exempt SPACs from 'shell company' tagUnder Companies Act, every company needs to carry out business after incorporation, failing which the name of the company will be struck of...
19 Apr, 2022, 12.13 AM IST
Europe's IPO market roars back to life but where are the SPACs?SPACs became one of Wall Street's hottest investment trends last year as many retail investors stuck at home during COVID-19 lockdowns plac...
27 Sep, 2021, 02.15 PM IST
Sebi exploring framework for SPACs in India, says chairman TyagiSPACs have returned to prominence over the past year, especially in the US, as a means to raise capital from investors without going throug...
28 Jul, 2021, 02.36 PM IST
Sebi plans to come out with framework for SPACsUnder the framework, Sebi may put in place a separate set of regulations on SPAC, whereby detailed listing rules would be provided for such...
24 Jun, 2021, 12.56 PM IST
Tax costs outweigh benefits of SPAC for overseas listingAccording to tax rules, even share sales happening between two foreign entities are taxable in India if the shares belong to a company with...
24 Jun, 2021, 06.31 AM IST
Sebi plans to build a dedicated framework for SPACs in IndiaTo allow SPACs in India, Sebi has to either introduce a separate law or amend current regulations to allow listing of ‘non-operating’ or ‘i...
15 Jun, 2021, 08.11 AM IST
SPACs raise record $100 billion in IPOs so far this yearAbout 341 global SPAC IPOs have been brought to the market since the start of this year, with U.S.-listed SPACs dominating the marketplace,...
20 May, 2021, 08.39 PM IST
$50 billion worth of SPAC deals could come from India: Rajbikram Nayar, MD, Ontogeny Capital"If you look at the history of SPACs, they date back to the early 1990’s. So it is actually quite an old product. It’s just that up until n...
29 Apr, 2021, 01.34 PM IST
India’s ‘buoyant’ startup culture shut out of global SPAC huntThe number of SPAC deals that have taken Indian companies public on the U.S. stock exchanges remains stuck at exactly three—even as an esti...
24 Apr, 2021, 09.21 AM IST
SPACs: The devil lies in the structureSPAC IPO investors tend to be a group of very savvy hedge funds, sometimes referred to as the “SPAC Mafia”, and other large institutional i...
12 Apr, 2021, 05.37 PM IST
Asian SPAC listings face stern test as regulators consider rule changesThe trend to list through Special Purpose Acquisition Companies (SPACs) has seen such floats raise $96 billion in the United States this ye...
30 Mar, 2021, 02.23 PM IST
The rise of blank cheque companies: It's about time the government sat up and took noteSpacs are investment vehicles that raise capital from investors in an IPO to invest or acquire a target, which is generally not identified ...
22 Mar, 2021, 11.21 PM IST
LRS limit comes in way of listing plans via SPACSpecial Purpose Acquisition Companies (SPACs) are listed entities set up exclusively to acquire private companies. Post-acquisition, the pr...
16 Mar, 2021, 07.53 AM IST
The phenomenon that is SPACsFrom Flipkart to Grofers, Indian startups are looking at special purpose acqusition vehicles, or SPACs, for listing in the US, instead of t...
09 Mar, 2021, 04.28 PM IST
Renew to merge with US SPAC RMG Corp for $4.4 bn$1.2 bn new money raised from new investors; Goldman Sachs to reman single largest shareholder; ADIA, CPPIB, GIF and Wall St firm to part s...
25 Feb, 2021, 06.37 AM IST
Will you invest in IPO of a company with no history?During the year 2020, SPAC or Special Purpose Acquisition Company raised an estimated Rs 6,15,000 crore in the US. Also known as blank cheq...
15 Feb, 2021, 01.42 PM IST
Should India embrace SPAC, the new alternative to IPO around the world?IPOs are an age-old and well-established methodology for companies to get listed on the capital markets.
08 Feb, 2021, 12.27 PM IST