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

Q: How long will it take to read this news story?

The story "Digital firms with Rs 500 crore turnover must seek CCI approval for M&amp;As" has 571 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Digital firms with Rs 500 crore turnover must seek CCI approval for M&amp;As" was covered 11 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 367 news stories per day. It's most recent story was published 4 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22448516</li><li>URL: https://beamstart.com/news/digital-firms-with-rs-500-17259714428266</li></ul>

Business Standard Logo Business Standard 11h ago

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

Quick Summary:

For digital services, the number of end users in India would be a key factor in determining substantial India operations.

To determine the value of the deal, the CCI will look at all forms of consideration for a period of two years prior to the transaction.

Any transaction where the “deal value” exceeds Rs 2,000 crore would be notifiable for the CCI’s approval, provided that the target entity has “substantial business operations” in India.