Ortenca Aliaj and James Fontanella-Khan in New York and Nicholas Megaw in London
Investors are pulling cash out of special purpose acquisition companies at increasingly higher rates, with a number of vehicles having their trust accounts almost wiped out as more than 90 per cent of their shareholders redeemed investments.
The average redemption rate during the third quarter was 52.4 per cent, according to data provider Dealogic. That marks a significant increase from the first three months of the year when...
Moneycontrol Pro Panorama | A billion vaccine shots done, but the Street's not in a celebratory mood
Oct 21, 2021 / 04:21 PM IST
In today’s edition of Moneycontrol Pro Panorama: The race to 100 crore doses, why cement makers are well placed, IRCTC stock turns wobbly, crypto gets the better of gold, the missing piece in India’s solar play and more