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  • Byju’s to raise $400-$600 million through IPO in 2022: Report Sep 09, 2021 10:25 AM IST

    Byju’s to raise $400-$600 million through IPO in 2022: Report

    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.

  • ReNew Power’sNasdaq listing makes a case for SPACsin India Aug 27, 2021 10:37 AM IST

    ReNew Power’sNasdaq listing makes a case for SPACsin India

    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

  • Ahead of SPAC vote, ReNew Power acquires 359 MWs of clean energy assets for $384 million Aug 11, 2021 12:13 PM IST

    Ahead of SPAC vote, ReNew Power acquires 359 MWs of clean energy assets for $384 million

    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.

  • US SEC gives nod to mega $8 billion ReNew Power SPAC deal; firm’s shares may soon begin trading on Nasdaq Aug 06, 2021 05:23 PM IST

    US SEC gives nod to mega $8 billion ReNew Power SPAC deal; firm’s shares may soon begin trading on Nasdaq

    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.

  • US SPAC may soon become the instrument of choice for Indian start-ups Jul 07, 2021 09:35 AM IST

    US SPAC may soon become the instrument of choice for Indian start-ups

    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

  • New SEC chief raises questions over investor protection with SPACs and Cryptocurrency May 27, 2021 03:12 PM IST

    New SEC chief raises questions over investor protection with SPACs and Cryptocurrency

    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.

  • Uday Shankar, James Murdoch to raise $345 million through SPAC May 13, 2021 02:46 PM IST

    Uday Shankar, James Murdoch to raise $345 million through SPAC

    The company Seven Island Inc, will raise funds through an IPO using the blank check vehicle.

  • What Warren Buffett said about Crypto, Robinhoods, and SPACs in May AGM May 05, 2021 08:45 AM IST

    What Warren Buffett said about Crypto, Robinhoods, and SPACs in May AGM

    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.”

  • A reckoning for Spacs: Will regulators deflate the boom? May 04, 2021 11:33 AM IST

    A reckoning for Spacs: Will regulators deflate the boom?

    The SEC is concerned about the market for ‘blank-cheque’ companies, including optimistic projections and celebrity endorsements

  • Spac boom under threat as deal funding dries up Apr 09, 2021 12:55 PM IST

    Spac boom under threat as deal funding dries up

    Investors are bogged down by the sheer volume of transactions. Rising valuations are also a turn-off

  • US SEC official warns Wall Street of risks associated with blank-check companies Apr 01, 2021 10:16 AM IST

    US SEC official warns Wall Street of risks associated with blank-check companies

    SPACs have surged globally to a record $170 billion this year, outstripping last year's total of $157 billion, Refinitiv data showed.

  • Indian tech unicorns get $225 million SPAC from top investors Mar 22, 2021 12:39 PM IST

    Indian tech unicorns get $225 million SPAC from top investors

    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.

  • The Indian market is ripe for SPACs Mar 18, 2021 09:14 AM IST

    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

  • SEBI, IFSCA to facilitate launch of Special Purpose Acquisition Companies in India: Report Mar 12, 2021 12:43 PM IST

    SEBI, IFSCA to facilitate launch of Special Purpose Acquisition Companies in India: Report

    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.

  • Bitcoin miner Cipher going public through $2 billion SPAC merger Mar 05, 2021 10:53 PM IST

    Bitcoin miner Cipher going public through $2 billion SPAC merger

    Subsequent to the merger announcement, shares of Good Works surged by 15.9 percent to reach $11.59 after markets opened for trading.

  • Walmart's Flipkart explores US listing through SPAC deal Mar 04, 2021 04:16 PM IST

    Walmart's Flipkart explores US listing through SPAC deal

    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.

  • Mytrah Energy mulls over merger with other entities for SPAC listing: Report Mar 04, 2021 02:23 PM IST

    Mytrah Energy mulls over merger with other entities for SPAC listing: Report

    Mytrah Energy is eyeing the SPAC route for a listing after its $750-million equity deal with private equity firm KKR fell through.

  • ReNew Power takes SPAC route, first such major deal by an Indian company, to list on Nasdaq Feb 24, 2021 07:24 PM IST

    ReNew Power takes SPAC route, first such major deal by an Indian company, to list on Nasdaq

    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.

  • Grofers in talks with Cantor Fitzgerald's SPAC for NASDAQ listing: Report Feb 24, 2021 12:49 PM IST

    Grofers in talks with Cantor Fitzgerald's SPAC for NASDAQ listing: Report

    If it goes through, this would be the first time an Indian company takes up SPAC route make its market debut

  • The SPAC craze: What’s the big deal anyway? Feb 17, 2021 05:40 PM IST

    The SPAC craze: What’s the big deal anyway?

    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?

  • All you need to know about SPAC–the latest vehicle for fund raising in the US Dec 22, 2020 09:56 AM IST

    All you need to know about SPAC–the latest vehicle for fund raising in the US

    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

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