Companies will get to consult with CCI to save tricky M&As2 min read . Updated: 06 Aug 2022, 05:56 AM IST
- Businesses are also set to get the option of making certain binding ‘commitments’ regarding alleged anti-competitive agreements or abuse of dominance and pay a fee for closure of an investigation
Companies are set to get more leeway in salvaging mergers and acquisitions (M&As) deals in consultation with the Competition Commission of India (CCI) under a new business-friendly transaction approval process that allows tweaking proposed transactions feared to hurt competition.
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