Earlier today, the Government of India revised the financial thresholds for merger control jurisdiction as well as the thresholds for target or de minimis exemption.

All financial thresholds under the Competition Act, 2002 have been increased by 150%. In addition, the target exemption or de minimis thresholds have been increased as below:

If the target (i.e., the acquired enterprise) has either assets or turnover in India less than the above thresholds, the transaction would not require a notification to the Competition Commission of India (“CCI”). The target exemption or de minimis thresholds are applicable for a period of 2 years i.e., until 8 March 2026.

These changes are effective from today. Interestingly, the government is also expected to soon introduce deal value thresholds which is likely to increase the number of transactions requiring prior CCI approval.

For further information, please contact: