The Potential Of Special Purpose Acquisition Companies In India: An Analysis Of The Regulatory Frame

Alisha Alias, Jindal Global Law School

ABSTRACT

Over the past few years there has been a surge in the number of Special Purpose Acquisition Companies being formed in the United States modifying the language of mergers in the the way. According to a survey, there was a rise in US-listed SPAC volumes in the first quarter of 2021 as compared to the entire financial year of 2020 from USD 80 billion to USD 160 billion.

This paper aims to analyse the utility and The utility and risks associated with a SPAC, especially in the Indian context. It also analyses the lacunae in the statutory provisions for legally permitting the existence and functioning of SPACs in India and how it needs to be amended to ensure the proliferation of SPACs in the country.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

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.

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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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