Digital firms with Rs 500 crore turnover must seek CCI approval for M&As

Antitrust regulator Competition Commission of India (CCI) on Tuesday expanded the ambit of companies that would be required to seek its approval for mergers.

Under new regulations released on Tuesday, the CCI said companies with a turnover of more than Rs 500 crore or over 10 per cent of their global turnover in India in the previous financial year will be considered to have “substantial business operations in India” and would obtain its nod for mergers.