 "private equity, PE, investors, investments, companies, firms, VC")
Indian private equity (PE) funds looking for an exit from companies in which they have invested are experimenting with a new strategy — sell or merge with a special purpose acquisition company (SPAC), also known as a blank check company.
The reason: It offers them a better valuation when they offload shares in one of their portfolio companies compared to selling it to strategic players or listing the company on the Indian bourses or offering it to another PE at a premium.
Discussion has started between blank check companies in the US and Indian PEs on possible deals in certain
