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SPACS An Indian Perspective

Aayushi Shah, Svkm’s Pravin Gandhi College of Law, Mumbai University


Special-Purpose Acquisition Company (SPAC) has been a widely discussed topic since 2021 and the trend continues. The Union Budget for the year 2022-2023 is progressive and revolutionary as it focuses on the digitalization of the Indian Economy. However, it fails to address several other critical issues, such as rules on the offshore listing for Indian companies or creating a regulatory regime conducive for Special Purpose Acquisition Companies. The Budget failed to create a regulatory environment that is amicable to Special Purpose Acquisition Companies. This article provides a comprehensive overview of SPACs and the current regulatory roadblocks faced by India.


Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878


Accessibility: Open Access

License: Creative Commons 4.0

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​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.


The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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