James Murdoch-Uday Shankar Ditch SPAC for Their M&A Ventures

Seven Islands, a SPAC sponsored by James Murdoch and former STAR CEO, Uday Shankar, has decided to abandon its earlier plan to raise $300 million through an in the US, the Business Standard reports.

Seven Islands will now make their investments through Bodhi Tree Systems.

The SPAc initially registered the offering with the SEC in May 2021 with plans “to capitalize on the extensive experience of our sponsor group and management team to pursue an initial business combination in the media, entertainment, consumer technology, healthcare, and education industries in Southeast and South Asia, with a particular focus on India.” Read more.


Source: James Murdoch-Uday Shankar Ditch SPAC for Their M&A Ventures