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SPAC IN INDIA
HNI investors in offshore ‘blank cheque’ companies receive income tax noticesMany resident Indians who bought SPAC shares haven’t disclosed such investments in ITRs. SPACs are established solely to raise capital thro...
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...
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...
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...
Blank check firm set up by Manipal's Pai, PE veteran Ajila raises $170M in US IPONasdaq-listed Global Consumer Acquisition Corp to acquire targets with enterprise value of $500 million to $1 billion
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...
India-related SPAC raises $170mn on NasdaqSPACs have become extremely popular among investment firms and startups over the past two years.
$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...
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...
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...
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 ...
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...
Sebi, IFSCA look at setup for ‘blank cheque cos’ in IndiaThe development comes even as the corporate affairs ministry is pushing for norms on direct listing of companies on foreign stock markets —...
Sebi forms expert group to examine feasibility of SPACsSPACs are formed to raise capital in an initial public offering (IPO) with the purpose of using the proceeds to identify and merge with a t...
View: Three compelling reasons why India needs to hop on the SPAC bandwagonIf India promotes Spacs, Indian capital markets will benefit from the competitive edge over other Asian markets. Of course, that will requi...
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...
ETtech Evening Briefing on Feb 19, 2021: SPACs explained, govt squeezes social mediaSPACs are back from the wilderness. Social media companies may get just 36 hours to junk ‘unlawful’ posts in India. Elon Musk says Bitcoin ...
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...
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.
- UK firm Promethean raises largest India-focused fund
The fund will scout for a single buyout which is expected to be upto $1 bn. SPACs raise funds through public offerings. Need funds? Dial re...