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India revamps its Merger Control Regime – Introduces Deal Value Threshold in new Combination Regulations! September 19, 2024
Published in: Alerts
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We are pleased to share with you a copy of our in-house publication – “Competition News Alert”.
On September 9, 2024, the Ministry of Corporate Affairs notified the remaining provisions of the Competition (Amendment) Act, 2023 along with related Rules and the Competition Commission of India (CCI) notified the revised Combination Regulations governing the regulation of mergers and acquisitions.
The new provisions of the Act, the new Rules, and the new Competition Commission of India (Combinations) Regulations, 2024, have come into force with w.e.f. September 10, 2024.
Key updates include the introduction of (a) Deal Value Thresholds (DVT) for transactions exceeding INR 2000 crore, and (b) formal establishment of a “Green Channel” for expedited merger approvals. The timeline for approvals has also been reduced to streamline the process.
We have discussed the key amendments in detail.
We trust that you will find our Competition News Alert useful and look forward to receiving your valuable feedback.
For any clarifications, please write to:
Mr. MM Sharma
Head – Competition Law Practice
[email protected]
