Competition Commission of India Approves Acquisitions

Why in News

CCI approved two major acquisitions under:

Competition Act, 2002

Important Institution

Competition Commission of India — CCI

Works under:

Ministry of Corporate Affairs

Core Role of CCI

CCI regulates anti-competitive behaviour and examines combinations such as:

• Mergers

• Acquisitions

• Amalgamations

Why Competition Regulation Matters

Without competition regulation:

Large mergers
→ Excessive market concentration
→ Reduced competition
→ Higher prices / fewer choices

CCI attempts to balance:

Business consolidation ↔ Market competition

GS Link

GS III: Economy