Competition Commission of India eases reporting requirements in M&As

In a bid to make the M&A process smoother for India Inc, the competition regulator has relaxed the reporting requirements when companies strike a deal. Only deals in which 25% equity or voting rights is acquired will need to be reported to the commission, an official in know of the new rules said. Under the current merger regulations, M&A and private equity transactions, where greater-than-15% equity or voting shares are acquired, are subject to a pre-merger notification under which a company needs to send a notice to the Competition Commission of India declaring the same. " The M&A culture in the country is very dynamic and we need the law to move along with it. We have decided to ease the norms to facilitate this investment option," a top official told ET. The notifications are expected to be made public by this week, he added.

Source: Economic Times