What are the regulatory requirements and approvals needed for the acquisition?

The regulatory requirements and approvals needed for an acquisition in India depend on various factors such as the industry, size of the transaction, and the entities involved.

In general, companies planning to acquire another company in India must comply with the regulations set by the Securities and Exchange Board of India (SEBI), Competition Commission of India (CCI), Reserve Bank of India (RBI), and the Ministry of Corporate Affairs (MCA).

The process may involve obtaining approvals from these regulatory bodies, filing disclosure documents, and complying with other legal and procedural requirements. The acquiring company may also need to obtain approval from the shareholders of both companies and comply with any other contractual obligations.

It is advisable to seek legal and professional advice to ensure compliance with all regulatory requirements and obtain necessary approvals for the acquisition.