Centre Tweaks FDI Policy To Protect Companies From Hostile Takeovers Amid Covid-19 Crisis

The Centre on Saturday tightened norms for Foreign Direct Investment in India with a view of "curbing opportunistic opportunistic takeovers or acquisitions of Indian companies due to the Covid-19 pandemic." The new policy mandates that companies located in countries that share a border with India will have to approach the government for investing in India, instead of taking the automatic route.