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Curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic


As per the press note  released by the Ministry of Commerce & Industry any new Investment of even a single share via Foreign Direct Investment (FDI) in India will need prior approval from Government of India of all sectors irrespective of the quantum of FDI from China, Bangladesh, Bhutan, Myanmar, Nepal, Pakistan, Afghanistan.

Transfer of existing or future FDI in an entity in India, directly or indirectly, resulting in beneficial ownership falling within countries which share land borders with India will also need approval from the Government of India.

Press Note

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