India: M&A/Private Equity

The Reserve Bank of India (RBI) has proposed comprehensive liberalizations to the external commercial borrowing (ECB) framework through the Draft Foreign Exchange Management Amendment Regulations, 2025, aimed at enhancing overseas funding access for Indian entities by removing cost caps.

Section 233 of the Companies Act 2013 ("Act") allows certain companies to merge or amalgamate through Central Government ("CG") approval, which is thereby delegated to Regional Director.

This positive shift showcases the interest of the investor, the need of the market, comfort, and trust amongst the parties.