India: Global Consumer Acquisition Corp raises $170m in NASDAQ listing

India: Global Consumer Acquisition Corp raises $170m in NASDAQ listing

REUTERS/Shannon Stapleton

Global Consumer Acquisition Corp (GCAC), a blank cheque company backed by private equity veteran Rohan Ajila, and Gautham Pai, chairman of The Manipal Group, has raised $170 million as part of an initial public offering (IPO) this week.