Watch #InAMinute video powered by Phoenix Legal, featuring Sriram Ramachandran focusing on the proposed framework by SEBI for Special Purpose Acquisition Companies/SPACs.
SPACs are essentially shell companies with no commercial operations and listed on stock exchange for the acquisition of private companies.
In this video, he takes us through regulations surrounding SPACs in India, their purpose, and the recent surge in their popularity around the world.
There has been a lot of conversation around the proposed SEBI framework for Special Purpose Acquisition Companies (SPACs). Also, an unprecedented surge in the popularity of SPACs is seen in the last 12 months.