Toronto Stock Exchange · Financial Services
Invest in MAK Acquisition stock from India
Indian and foreign residents can buy MAK Acquisition (MAK-U) shares directly through Paasa.
By Paasa · Updated
MAK Acquisition at a glance
- Price
- $10.01+$0.00 (0.00%)
- Market cap
- $100.10M
- Day range
- $10.01 – $10.01
- P/E
- —
- Dividend yield
- None
- Volume
- 2.00K
- 1 month
- -2.34%
- 6 months
- +2.67%
- YTD
- +2.67%
- 1 year
- +2.04%
- 5 years
- +2.04%
How to invest in MAK Acquisition from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search MAK-U and buy
Find MAK Acquisition by name or by its ticker, MAK-U, and place your order.
Why invest in MAK Acquisition from India
What MAK Acquisition does
MAK Acquisition Corp. operates as a special purpose acquisition company. It was formed for the purpose of completing a merger, acquisition, or similar business combination with one or more businesses. MAK Acquisition operates in the Shell Companies industry within the Financial Services sector.
Hold a dollar asset
MAK Acquisition shares are priced in US dollars, so a weaker rupee adds to what they're worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy MAK Acquisition stock from India?
Yes. Indian residents and NRIs can buy MAK Acquisition (MAK-U) shares directly through Paasa. MAK Acquisition is listed on the Toronto Stock Exchange, in the Shell Companies industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are MAK Acquisition dividends taxed for Indian investors?
MAK Acquisition trades on the Toronto Stock Exchange but is domiciled in Cayman Islands, so any withholding on its dividends follows that country's rules rather than those of Canada. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell MAK Acquisition shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.