Despite concerns that Indias competition law could
inhibit M&A and discourage foreign investment, the
government announced this week that it would be implemented
within 100 days.
Regulation of combinations will change the nature of all
M&A in India, said Kirtee Kapoor of Davis Polk &
Wardwell. In particular, the control threshold is
expansive, so many transactions will be caught, and the review
period is inordinately long.
On Monday, Salman Khurshid, Indias corporate affairs
minister, told the...