Home » General » Business » India plans to arm CCI with power to scrutinise global M&A deals
New Delhi, June 5 (SocialNews.XYZ) The Centre on Friday proposed significant amendments in the Competition Act, 2002, aiming to give the Competition Commission of India (CCI) powers to scrutinise all global mergers and acquisition deals exceeding $252 million with “substantial business operations in India”.
The Competition (Amendment) Bill, 2023 has come in light of several Big Tech companies like Meta, Microsoft and Google now having huge presence in the country, which has recently seen a huge sum of investment coming from tech giants like Facebook and Google and global VC firms.
