Draft norms on SPAC listing in GIFT city out
March 10, 2021
“Framework to facilitate issuers access capital”
India s Gift City regulator IFSCA is now looking to facilitate the listing of Special Purpose Acquisition Companies (SPACs) – which have been all rage in the US in recent months – in the stock exchanges under its supervision, clearly indicating its keenness to promote innovative methods for raising of capital and make Gift City a globally competitive financial platform for global issuers.
A new consultation paper issued by IFSCA now seeks public comments on its proposal to enact an “all encompassing framework to facilitate issuers access global capital”.