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

India seeks to tighten rules on M&A antitrust
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

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