India seeks to tighten rules on M&A antitrust scrutiny; proposed legislation to impact global tech firms
Facebook's acquisition of WhatsApp in 2014 for $19 billion, for example, required no CCI clearance, even as WhatsApp counted India as a major market, lawyers say
The draft law proposes all deals worth over 20 billion rupees ($250 million) should be subject to antitrust scrutiny if the companies have substantial business operations in India. Source: Reuters