SPAC is no longer in adolescent, it is here to stay
Rajbikram Nayar, Managing Partner, Ontogeny Capital, talks about the benefits of the Special Purpose Acquisition Company, or SPAC as it is commonly known. SPAC is a financial product till now largely relevant to the United States, but it has since gone mainstream with great success this year. Nayar hopes that this model will be embraced by the Indian market as businesses look for underwriters and investors as the economy is set to launch into the most shining decade ever. In such an environment SPAC could play an important role.