Antitrust Vigilance: Scrutinizing Anti-Competitive Impacts in Indian and International M&A for Equitable Economic Expansion

Abstract

The field of mergers and acquisitions (M&A) has witnessed significant growth and evolution in recent decades, driven by globalization, technological advancements, and changing market dynamics. The increasing interconnectedness of economies, the rise of digital platforms, and the pursuit of strategic synergies have fuelled a surge in M&A activity across industries and regions. This has prompted policymakers, regulatory authorities, and industry stakeholders to scrutinize M&A transactions more closely to ensure they do not unduly harm competition, consumer welfare, or market stability. Moreover, the evolving landscape of competition policy, regulatory frameworks, and enforcement mechanisms has added complexity to the M&A process, requiring companies to navigate a myriad of legal, regulatory, and operational challenges when pursuing cross-border transactions. Against this backdrop, understanding the principles of antitrust vigilance, the regulatory frameworks governing M&A transactions, and the ethical considerations involved is essential for stakeholders involved in the deal-making process. Furthermore, the COVID-19 pandemic has reshaped the M&A landscape, with disruptions to supply chains, changes in consumer behavior, and economic uncertainties impacting deal activity and strategic priorities. As companies adapt to new market realities and navigate the challenges posed by the pandemic, there is a heightened need for vigilance in assessing the competitive implications of M&A transactions and promoting a competitive marketplace that fosters innovation, economic growth, and consumer welfare. In light of these developments, this dissertation aims to provide a comprehensive examination of anti-trust vigilance and regulatory frameworks in Indian and international mergers and acquisitions, exploring the complexities, challenges, and ethical considerations involved in managing M&A transactions for equitable economic expansion. By analyzing key concepts, principles, case studies, and future directions, this dissertation seeks to contribute to the advancement of knowledge and inform policy debates on competition policy, regulatory reform, and corporate governance in the context of M&A transactions.