New York Stock Exchange · Financial Services
Invest in Black Spade Acquisition III stock from India
Indian and foreign residents can buy Black Spade Acquisition III (BIII) shares directly through Paasa.
By Paasa · Updated
Black Spade Acquisition III at a glance
- Price
- $10.07+$0.02 (0.20%)
- Market cap
- $233.11M
- Day range
- $10.06 – $10.07
- P/E
- —
- Dividend yield
- None
- Volume
- 561.79K
How to invest in Black Spade Acquisition III 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 BIII and buy
Find Black Spade Acquisition III by name or by its ticker, BIII, and place your order. Fractional shares are available and there is no minimum trade size, so you can buy by amount instead of whole shares.
Why invest in Black Spade Acquisition III from India
What Black Spade Acquisition III does
Black Spade Acquisition III Co's primary objective is to complete a significant business transaction such as a merger, a swap of shares, the purchase of assets, an acquisition of stock, a corporate restructuring, or a comparable deal involving one or more companies or their property. Established in 2025, this entity maintains its principal office in Central, Hong Kong. Black Spade Acquisition III operates in the Shell Companies industry within the Financial Services sector.
Hold a dollar asset
Black Spade Acquisition III 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.
Buy a fraction of a share
Buy by amount, not by share, and get the matching fraction of one Black Spade Acquisition III share. There is no minimum trade size.
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 Black Spade Acquisition III stock from India?
Yes. Indian residents and NRIs can buy Black Spade Acquisition III (BIII) shares directly through Paasa. Black Spade Acquisition III is listed on the New York 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.
Do I need to buy a full Black Spade Acquisition III share?
No. You can buy part of one Black Spade Acquisition III share and add to your position over time. One share is $10.07, and you can buy whole shares or any fraction; there is no minimum trade size.
How are Black Spade Acquisition III dividends taxed for Indian investors?
Black Spade Acquisition III trades on the New York Stock Exchange but is domiciled in Hong Kong SAR China, so any withholding on its dividends follows that country's rules rather than those of the US. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. 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 Black Spade Acquisition III shares?
The US does not levy capital gains tax on shares for Indian residents. 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.