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Changes to India's merger thresholds target major tech firms, top competition official says

By Freny Patel ( September 24, 2021, 01:23 GMT | Insight) -- Global digital majors acquiring shareholdings of even less than 10 percent in domestic companies in India may soon need to notify the transactions to the country’s competition authority. The introduction of deal-value merger thresholds would bring the Indian competition law into line with its counterparts in the US, the EU, Germany, Austria and more recently South Korea. While the existing legal framework in India's Competition Act is flexible enough to address competition issues arising out of digital markets, certain legislative changes, such as deal-value thresholds, are on the anvil, the head of the Competition Commission of India said at a conference.Global digital majors acquiring shareholdings of even less than 10 percent in domestic companies in India may soon need to notify the transactions to the country’s competition authority....

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