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ARTICLE · 19 JANUARY 2023

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Merger Control Wrapped 2022 And What's In Store For 2023

Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co
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Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co

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Perhaps the biggest highlight of 2022 has been the CCI's revised approach towards the minority share acquisition exemption

IndiaCorporate/Commercial Law
Aparna Mehra
Aparna Mehra
Ritika Sood
Ritika Sood
Karan Arora
Karan Arora
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Introduction

The year 2022 was an eventful year for Indian competition law. With India and Indian businesses slowly pulling themselves out of the tight grapples of COVID-19, India's market regulator, the Competition Commission of India (CCI), continued its operations in full-swing. Now in its 11th year of merger control, the CCI was consistent with its approach of being a responsive, objective, and focused competition authority. Over the course of the past year, the CCI approved 87 combinations and passed orders in 11 instances of gun jumping – a remarkable feat considering it was inquorate in the last 2 months of 2022.

From revising its approach on key points of law and the merger review process, and to being inquorate for the first time in its history, the key highlights from the CCI's merger control regime in 2022 have been set out below:

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