Proposal to Expand CCI's Purview for Mergers and Acquisitions

The Competition Commission of India (CCI) is proposing to change its rules to include mergers and acquisitions (M&A) that involve companies with significant business operations in India. Currently, the CCI only evaluates M&A deals that exceed certain sales or asset thresholds. Under the proposal, if a company's users, subscribers, customers, or visitors in India constitute 10% or more of its global total, or if its gross merchandise value in India accounts for 10% or more of its global total, the deal would come under the CCI's review. This move aims to ensure that no company gains monopoly power or manipulates prices, supporting free trade and competition in the market.