India: M&A/Private Equity

For an early-stage founder, acceptance into an incubator or accelerator often feels like the first real validation of the business. It may bring workspace, mentors, grant access, technical support, investor introductions and credibility. But the document signed at that moment is rarely just programme paperwork. It can quietly become part of the company’s financing history, carrying equity, warrants, conversion rights, IP clauses, vetoes, reporting obligations and restrictions that a future investor will eventually diligence.

Merger and Acquisitions are in inherently complex transaction, often involving investments running into millions of dollars.

Phoenix Legal's Competition Monthly for June 2026 examines landmark rulings reshaping India's merger control and antitrust enforcement landscape. From the Supreme Court's jurisdictional constraints on the Competition Commission of India to critical determinations on aftermarket definitions and gun-jumping penalties, these decisions establish new precedents for corporate transactions and competitive conduct. How will these interpretations influence future regulatory strategy and compliance frameworks?

In April 2026, India witnessed significant developments in competition law across enforcement, appellate review, and merger control. On the regulatory front, an amendment to the Insolvency and Bankruptcy Code...

Issued by the Department for Promotion of Industry and Internal Trade (“DPIIT”) in April 2020, Press Note 3 required prior Government approval for investments coming from countries sharing a land border with India, as well as investments where the beneficial owner was connected to such jurisdictions.

The NARCL Sanction Letter functions as a deferred ownership-transfer instrument. Boards that read it as a loan extension mischaracterise the underlying legal event. Two operative clauses determine the company’s...

The National Company Law Appellate Tribunal has delivered a landmark ruling reinforcing the mandatory nature of procedural timelines in corporate insolvency proceedings.

On March 23, 2026, Finance and Corporate Affairs Minister Nirmala Sitharaman introduced the Corporate Laws (Amendment) Bill, 2026 (Bill No. 85 of 2026) ("Bill") in the Lok Sabha. The Bill was subsequently referred to a Joint Parliamentary Committee ("JPC") for detailed examination.

India's External Commercial Borrowing regulations have undergone significant amendments effective February 16, 2026, introducing substantial changes to pricing caps, end-use restrictions, and borrowing limits.