Over Rs 2,000-cr M&As may come under Competition Commission's purview

Amendments likely in 20-year-old Competition law

An additional criterion in mergers and acquisitions (M&As) may require digital businesses to secure approval from the Competition Commission of India (CCI), the anti-trust regulator.
 

The government is set to introduce a minimum threshold “transaction value” of Rs 2,000 crore (around $250 million) for any deal as a criterion for notification to the anti-trust regulator if the entity being acquired has substantial operations in India.
 

The new criterion is learnt to be part of the proposed amendments to the two-decade-old Competition law, which is expected to be tabled in the ongoing monsoon session of Parliament.
 

At present, companies in the