The Competition Commission received 21 filings seeking approval for mergers in October, the highest number for any month in the past four years.
CCI has the mandate to keep a tab on unfair business practices across sectors while mergers and acquisitions beyond a certain threshold requires its approval.
In a tweet, CCI said it received “21 merger filings in October 2015 -– largest number of filings in a month in past four years”.
CCI Member Augustine Peter said there has been an increasing trend in combination filings in the recent past. “This indicates that investors are increasingly turning positive about the Indian economy,” he told the news agency. Meanwhile, the regulator is in the process of introducing electronic filing facility for enterprises seeking nod for mergers and acquisitions.