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Reliance Entertainment CEO Shibashis Sarkar forms SPAC, files for $230 million IPO in US
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The company, International Media Acquisition Corp (IMAC), has filed for a $230 million (Rs 1,715 crore) initial public offering in the US and listing on the Nasdaq. The US Securities and Exchange Commission has approved its proposal.
Agencies
Sarkar, who has more than 27 years of experience in the media industry, is the chairman and CEO of IMAC.
Shibashish Sarkar, the group chief executive of Reliance Entertainment, has set up a special purpose acquisition company (SPAC) also known as a blank check company to explore acquisition opportunities in the media and entertainment space in India, North America, Europe and parts of Asia.
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BusinessToday.In | April 1, 2021 | Updated 13:40 IST
Anil Ambani-led Reliance Infrastructure shares fall 10% on Thursday
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Reliance Infra share spikes 10% on selling Santacruz HQ to YES bank origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.