Joining the SPAC bandwagon- Has the moment passed?

SPACs or special purpose acquisition companies are companies which are created for the specific purpose of acquiring a target private company which is then listed on a stock exchange. This article examines the Indian law provisions pertaining to SPACs particularly with regard to the recommendations of the Company Law Committee Report 2022 on SPACs. Authored by Mini Raman, the article also analyses whether SPACs would make sense from the perspective of the Indian regulatory and business environment.