- The committee is set up under SEBI’s Primary Market Advisory Committee (PMAC).
- The main moto to examine SPACs is to boost the funds in an initial public offering (IPO), which will be used to identify and merge with the target company.
- The expert group is set up to explore the potential of SPACs and building adequate checks and balances in the regulatory framework by taking care of associated risks.
- SPACs: These are the blank cheque companies that are not having any business plan while seeking investor money. The Private equity funds or financial institution having expertise in a particular industry with investment for working capital and issue related expenses can become SPACs.
- Static Part:
- HQ of SEBI: Mumbai
- Chairman of SEBI: Ajay Tyagi
Question:
Q.1 SEBI has set up a group of experts to examine the feasibility in order to implement SPACs. What does ‘A’ signifies in SPACs?
a. Advanced
b. Acquisition
c. Approved
d. Access
a. Advanced
b. Acquisition
c. Approved
d. Access
