Page 15 - நம்பகத்தன்மை பொழுதுபோக்கு News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Russo Brothers wish Dhanush good luck for Jagame Thandhiram
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Yotta appoints Dr Sayed Peerzade as Executive Vice President and Chief Cloud Officer
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India-related SPAC raises $170mn on Nasdaq
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India-related SPAC raises $170mn on Nasdaq
TNN / Jun 15, 2021, 05:49 IST
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BENGALURU: Private equity veteran Rohan Ajila and Manipal Technologies chairman Gautham Pai’s consumer sector focused SPAC (special purpose acquisition company) has raised $170 million in an IPO in the US. This probably marks the first fund raise by an India-related SPAC.
The SPAC, called Global Consumer Acquisition Corp (GCAC), is listed on Nasdaq. SPACs, also known as blank-cheque companies, are shell companies that launch IPOs with a promise to invest in or acquire a company within a set timeline – normally18 to 24 months. SPACs have become extremely popular among investment firms and startups over the past two years.
Bollywood star Akshay Kumar s Bell Bottom locks in a release date in cinemas
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