Ongoing M&A deals may come under Competition Commission scanner

Posted By: Religare
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CCI: Ongoing M&A deals may come under
Competition Commission of India regulations on mergers and acquisitions (M&A) will be notified next week and take effect from June 1.

According to an official with the CCI, regulator would scan M&A transactions that are incomplete and have not obtained statutory clearances till the cutoff date. A transaction would be termed 'complete' if it concludes before June 1 all terms and conditions initially spelt out by both parties.

Investment bankers working on M&A transactions are divided on how the regulator ascertains a transaction to be 'complete'. CCI chairman, Dhanendra Kumar, said the commission would work proactively with corporate and intervene only if necessary.

According to former advisor to CCI and senior partner, LN Mitra at least 50-100 deals could be affected considering this timeline.

Story first published: Monday, May 2, 2011, 9:30 [IST]
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