How SPACs can help make Indian firms a key part of global listed markets

At a time when many Indian firms are eyeing overseas listing and many SPACs are looking at targets in Asia to offer better deals to shareholders, the SPAC structure offers a win-win solution to both

While this last one year has been fraught with uncertainty for businesses across the world, one part of the economy that has remained positive is the stock markets. Against this backdrop, a phenomenon that has caught the attention of the investment segment are Special Purpose Acquisition Companies (SPACs). US-listed SPACs raised more than  $80 billion in 2020, compared to $13 billion in 2019, and the fund-raising figures in the first two months of 2021 continue to be robust.
 

While the SPAC structure is similar to that of traditional blank-check companies , there are some technical differences between the two and