Even as the Indian government is still working out the nuances of allowing SPACs to operate in the country, Indians and Indian companies are already rushing to use the financing vehicle, Money Control reports. Media reports say that many Indian individuals are busy floating or investing in SPACs. High net worth individuals are using various routes to take advantage of the instrument that is in vogue in the United States and Europe. Read more.
US SPAC May Soon Become Instrument of Choice for Indian Start-Ups: Report
