News & Media 11th Sep 2024
The Competition Commission of India (CCI)expanded the ambit of companies that would be required to seek its approval for mergers. Under new regulations released, the CCI said companies with a turnover of more than Rs 500 crore or over 10 per cent of their global turnover in India in the previous financial year will be considered to have “substantial business operations in India” and would obtain its nod for mergers.
In this context, our Partner Abhay Joshi has been quoted in the article, “Digital firms with Rs 500 crore turnover must seek CCI approval for M&As” authored by Ruchika Chitravanshi from Business Standard.
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