The Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Government of India with a view to protect the interest of the Indian companies in light of the COVID-19 outbreak, has reviewed the Consolidated FDI Policy, 2017 and vide Press Note No. 3 (2020 Series) dated 17.04.2020 has revised the extant FDI policy to discourage opportunistic and/or hostile takeovers/acquisitions of Indian companies.
Please click here for a Note on Key Features of the amendment in the extant FDI Policy.
Source Srinivas Kotni, Managing Partner, Lexport – www.lexport.in
