Opinion divided on SPAC-tacular route for foreign listing of start-ups

The country's first big-ticket SPAC listing of ReNew Power is already underway, with investors being brought in, and is expected to be listed sometime in the early third quarter of this year

Topics
Start-ups | stock market | initial public offerings IPOs

Surajeet Das Gupta  |  New Delhi 

With shares of special purpose acquisition companies (SPACs) tumbling from their February peak (various SPAC indices say they are down 20-30 per cent), opinion is divided over whether they are still an attractive route for Indian start-ups making a beeline for this route to list their companies in the US. The companies reportedly considering the SPAC route include Grofers, PolicyBazaar, Flipkart, among others.

However, the companies have officially maintained a stoic silence. The country’s first big-ticket SPAC listing of ReNew Power is already underway, with investors being ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, May 27 2021. 06:10 IST
RECOMMENDED FOR YOU
.