On October 10, 2019, the Securities and Exchange Board of India (“SEBI”) issued a circular setting out an amended framework for the issuance of Depository Receipts (“DRs”) by Indian companies (the “DR Circular”).
On August 13, 2019, pursuant to Gazette Notification F.No. CCI/CD/Amend/Comb. Regl./2019, the Competition Commission of India (“CCI”) notified certain amendments to the Competition Commission of India (Procedure in Regard to the Transaction of Business Relating to Combinations) Regulations, 2011 (the “Combination Regulations”). The amended Combination Regulations came into effect on 15 August 2019.