Why India needs to look before it leaps on the SPAC bandwagon

Everyone seems to be singing paeans for special purpose acquisition companies (Spacs) and their recent astronomical growth in US markets. But it’s wise to conduct a reality check on their performances and risks. The British government recently signalled support for looser stock-listing rules to attract tech companies and Spacs post-Brexit. These will help company founders to list shares without giving up control, and still make the stock