Sep 09, 2021 10:25 AM IST
Byju's bankers have also suggested other fundraising alternatives including an IPO in the US or a merger with a Special Purpose Acquisition Company (SPAC), although the options are less likely than the IPO in India.
- Aug 27, 2021 10:37 AM IST
The conditions are right for start-ups looking to list abroad through the SPAC route but the government is dragging its feet on the issue
- Aug 11, 2021 12:13 PM IST
On August 6, Moneycontrol had reported that the US Securities Exchange Commission or SEC (the equivalent of India’s market regulator SEBI) had given the crucial regulatory nod to the mega $8 billion SPAC transaction between ReNew Power and RMG Acquisition Corporation II. The shareholder vote is pending for the deal post which the combined firm will start trading on the Nasdaq.
- Aug 06, 2021 05:23 PM IST
The transaction would further strenghten ReNew’s position in solar and wind energy generation for the Indian market, by funding medium-term growth opportunities. The proceeds would be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity, as well as to reduce debt.
- Jul 07, 2021 09:35 AM IST
Even if a handful of good companies can raise money through the SPAC route and can perform post listing, US investors will start looking at Indian companies to invest in, just as they did with Chinese companies over the last decade
- May 27, 2021 03:12 PM IST
Speaking on the 'highly volatile and speculative asset class', Gensler noted the significant growth in the valuation of such assets in the last five years.
- May 13, 2021 02:46 PM IST
The company Seven Island Inc, will raise funds through an IPO using the blank check vehicle.
- May 05, 2021 08:45 AM IST
During the meeting, Buffett acknowledged that Google, Microsoft, Apple etc. “are incredible companies, in terms of what they earn on capital. They don’t require a lot of capital, and they gush out more money.”
- May 04, 2021 11:33 AM IST
The SEC is concerned about the market for ‘blank-cheque’ companies, including optimistic projections and celebrity endorsements
- Apr 09, 2021 12:55 PM IST
Investors are bogged down by the sheer volume of transactions. Rising valuations are also a turn-off
- Apr 01, 2021 10:16 AM IST
SPACs have surged globally to a record $170 billion this year, outstripping last year's total of $157 billion, Refinitiv data showed.
- Mar 22, 2021 12:39 PM IST
According to a filing with the US Securities and Exchange Commission, Think Elevation Capital Growth Opportunities is looking to raise $225 million in an IPO.
- Mar 18, 2021 09:14 AM IST
GIFT City’s regulator IFSCA is considering the listing of Special Purpose Acquisition Companies (SPACs) on the exchange
- Mar 12, 2021 12:43 PM IST
IFSCA Chairman Injeti Srinivas on March 10 said the regulator will soon come up with SPAC regulatory framework to help startups raise capital through sale of equity, PTI reported.
- Mar 05, 2021 10:53 PM IST
Subsequent to the merger announcement, shares of Good Works surged by 15.9 percent to reach $11.59 after markets opened for trading.
- Mar 04, 2021 04:16 PM IST
The Bengaluru-based online retailer's advisors have approached several SPACs. Flipkart may seek a valuation of at least $35 billion in a blank-check transaction.
- Mar 04, 2021 02:23 PM IST
Mytrah Energy is eyeing the SPAC route for a listing after its $750-million equity deal with private equity firm KKR fell through.
- Feb 24, 2021 07:24 PM IST
The $8 billion transaction is the first major overseas listing of an Indian company via the special purposed acquisition company route, which is immensely popular on Wall Street. Famed Sillicon Valley Investor Chamath Palihapitiya, who has led the SPAC wave in the US market, is one of the investors backing the deal.
- Feb 24, 2021 12:49 PM IST
If it goes through, this would be the first time an Indian company takes up SPAC route make its market debut
- Feb 17, 2021 05:40 PM IST
Moneycontrol digs deep and breaks down the investment vehicle that became a smash hit in the US market in 2020 and taken the global deal street by storm. Can India join the frenzy?
- Dec 22, 2020 09:56 AM IST
For retail investors, SPAC offers an opportunity to invest in a company at the pre-IPO stage, an area which was the domain of private equity players and big investors