India seeks antitrust scrutiny of global M&A deals

2017-08-24_00h03_35 IT総合
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