Phoenix India Acquisition Corp.

CIK: 1336775•Ticker: PXIA

SPAC Overview

$49.3M
IPO Size
$47.8M
Trust Amount
Failed
Current Status
2006
IPO Year

Timeline Progress

About

Phoenix India Acquisition Corp. is a blank check company seeking an acquisition or business combination with an unidentified operating business in IT, IT-enabled services or products, including KPO and BPO businesses operating in India.

Investment Focus

IT Services, Business Services

Geographic Focus

India

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
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SPAC Team

Extended Team Information

The four-person team includes Raju Panjwani, a former Morgan Stanley managing director who established its presence and offshore initiatives in India; Ramesh Akella, a financial advisory and private-equity professional; Shekhar Wadekar, an executive in medical-device and scientific-software companies with prior semiconductor research experience; and Rohit Phansalkar, a merchant-banking and private-equity executive.

Key Information

IPO Date
March 31, 2006
SIC
6770
Failed Date
December 9, 2008
SPAC Ticker
PXIA