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This study looked into the boom in acclaim of Special Purpose Acquisition Companies, especially in India, as well as the causes for this rise, as well as their concerns and offered remedies. In this paper, the author has highlighted the characteristics of SPACs and the operating environment which helped them bloom in the market al on with the benefits. Author has also highlighted the concerns related to operation of SPACs in India due to certain provioons of Indian Laws. However, at the end of the paper author has proposed the solutions to address the concern with the analysis.
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