Special Purpose Acquisition Companies (SPACs) and the Outlook in India
The recent spike in SPAC transactions worldwide has led to an increased interest in India to explore this route of fund raising. India however does not have an enabling framework for SPAC entities yet. Therefore, businesses are exploring combinations with SPACs listed in foreign jurisdictions. In this article, we explore the key features of SPACs and their legal position in India.
Time to Revisit Long-Term Power Purchase Agreements
The health of the power sector is critical to the growth of the Indian economy. The mounting losses of distribution companies and payables to generating companies have been central to the problems of the sector. In this article, we see how long-term power purchase agreements have contributed to the current crisis and explore the alternative of sourcing power under short-term agreements, which would allow distribution companies to procure power at prevailing market prices.
