Fair trade watchdog the Competition Commission of India (CCI) has said that the companies can seek its informal guidance on mergers and acquisitions being planned by them to ensure a speedy approval and it is never a ‘stumbling block’ for such deals.
All major merger and acquisition (M&A) deals involving Indian companies, except a few exemptions, require approval from the Competition Commission of India, which is mandated to ensure healthy competition in the market. CCI Chairman Ashok Chawla said companies do need an approval from CCI to close their M&A deals, but the Commission has never been a stumbling block for such transactions.
‘In this context, I would very categorically say that the Commission is not a stumbling block or perceived as one,’ Chawla said. To fast-track the approval process, Chawla said, the companies can even seek informal guidance on their M&A deals.
All major merger and acquisition (M&A) deals involving Indian companies, except a few exemptions, require approval from the Competition Commission of India, which is mandated to ensure healthy competition in the market. CCI Chairman Ashok Chawla said companies do need an approval from CCI to close their M&A deals, but the Commission has never been a stumbling block for such transactions.
‘In this context, I would very categorically say that the Commission is not a stumbling block or perceived as one,’ Chawla said. To fast-track the approval process, Chawla said, the companies can even seek informal guidance on their M&A deals.