Seeking to seize incredible deals in the digital market: CCI

Ravneet Kaur, the chairman of the Competition Commission of India (CCI), stated on Wednesday that the agency is attempting to use deal valuations to stop "creeping" and "killer acquisitions" in the digital sector."We are making an effort to remember that there are digital business models that function at zero charge, thus the asset turnover limits might not exist. Therefore, we are currently attempting to use the deal value to capture creeping acquisitions and killer acquisitions," she stated.At a CII event, Kaur stated, "This is really customized for the Indian scenario and how we have to protect our ecosystem," emphasizing the antitrust regulator's attempt to strengthen models to guarantee fair competition in the market while taking into account Indian-specific sensitivities and interests.

Kaur stated that the CCI views mergers and acquisitions "in a very facilitative manner" and has no intention of preventing them. The CCI examines structural and behavioral solutions to make sure there is no violation of rules and regulations, she said, even if regulators in certain jurisdictions have prohibited the acquisitions because they believed they would endanger fair competition in the market. -Our Bureau