India to fast-track mergers, aiming for 'digital speed,' finance minister says
By Freny Patel ( February 4, 2025, 11:02 GMT | Insight) -- India is overhauling its M&A framework for faster approvals and a friendlier business environment. Finance Minister Nirmala Sitharaman in her budget speech on Saturday, announced streamlined procedures, reduced bottlenecks, and clarifications to the jurisdiction of the National Company Law Tribunal, the adjudicating authority for merger clearances. However, changes to carry forward rules for losses could impact insolvency and bankruptcy merger cases aimed at preventing "evergreening loans."India is set to dramatically accelerate company mergers and acquisitions by overhauling its regulatory framework to slash approval timelines and create a more business-friendly environment....
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