The Indian market is ripe for SPACs
GIFT City’s regulator IFSCA is considering the listing of Special Purpose Acquisition Companies (SPACs) on the exchange
March 18, 2021 / 09:14 AM IST
Activity at the International Financial Services Centres (IFSCs) in GIFT City, India, is picking up pace. Steps have been taken to bring the Indian arm of the Financial Services Centres at par with those globally.
Apart from financial services, the path has been cleared by various government agencies to allow allied services players to set shop in the GIFT City IFSC. As a result, companies offering services such as legal, compliance, secretarial, auditing, accounting, and taxation are setting up their...