Deals
Former Morgan Stanley India Head’s SPAC to Tap Diaspora in U.S.
- Citadel-backed blank-check firm seeks over $1.5 billion deal
- Leadership team says Indian diaspora a great talent pool
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A blank-check company backed by former Morgan Stanley India head Narayan Ramachandran has set its sights on acquiring a U.S. software firm with links to the South Asian country.
KludeIn 1 Acquisition Corp., a special purpose acquisition company, raised about $173 million in an initial public offering in January. The Nasdaq-listed firm aims to combine with a software or technology-enabled business serving consumers or companies in the U.S., according to its IPO prospectus.