India is a key overseas market for several global tech giants including Meta and Google. Now the South Asian nation is gearing up to have its voice heard for global M&A deals.
New Delhi has proposed amendments to its Competition Act, 2002, to introduce a number of changes including requiring the permission of local watchdog (Competition Commission of India) for all overseas deals exceeding $252 million in value for firms with “substantial business operations in India.”
India, the world’s second largest internet market that has drawn investments of tens of billions of doll
India seeks antitrust influence over global M&A deals
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