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India's Unicorns well-suited to list overseas via SPAC route: Grant Thornton Bharat
TIWN
India's Unicorns well-suited to list overseas via SPAC route: Grant Thornton Bharat
PHOTO : TIWN

New Delhi, May 22 (TIWN) India's Unicorns, especially those in the renewables and tech space, are well-suited to list overseas via 'SPAC' route said consultancy firm Grant Thornton Bharat.

In industry parlance, 'SPAC' or 'Special Purpose Acquisition Company' is actually a shell company with no business operations which is created mainly to raise capital, through an IPO, to make acquisitions.  According to Raja Lahiri, Partner, Growth & Overseas Listing Leader, Grant Thornton Bharat, Indian renewables and technology firms, considering the SPAC route, stand to benefit from $135 billion liquidity in the US market.

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