 "Sebi")
Capital market regulator Sebi is planning to come out with framework on special purpose acquisition companies (SPACs), which will enable listing of startups on domestic stock exchanges, sources said on Thursday.
The regulator is expected to put in place guidelines in this regard next week, they added.
SPACs or blank cheque companies are formed to raise capital in an initial public offering (IPO) with the purpose of using the proceeds to identify and merge with a target company.
SPACs are usually formed by private equity funds or financial institutions, with expertise in a particular industry or business sector, with investment
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