Opinion divided on SPAC-tacular route for foreign listing of start-ups

The country's first big-ticket SPAC listing of ReNew Power is already underway, with investors being brought in, and is expected to be listed sometime in the early third quarter of this year

With shares of special purpose acquisition companies (SPACs) tumbling from their February peak (various SPAC indices say they are down 20-30 per cent), opinion is divided over whether they are still an attractive route for Indian start-ups making a beeline for this route to list their companies in the US.  

The companies reportedly considering the SPAC route include Grofers, PolicyBazaar, Flipkart, among others. However, the companies have officially maintained a stoic silence.  

The country’s first big-ticket SPAC listing of ReNew Power is already underway, with investors being brought in, and is expected to be listed sometime in the early third quarter of