By Shriram Subramanian

India’s emergence as a globally competitive capital market depends on the speed and efficiency with which corporate transactions are completed. While the country continues to see complex transactions and significant capital inflows from first-time investors—both strategic and financial—the pace at which our legal and regulatory system operates needs to be hastened. The slow completion of transactions is becoming the single biggest obstacle preventing India’s capital markets from realising their true potential.

Significant delays in approvals from the Securities and Exchange Board of India ( Sebi ), National Company Law Tribunal (NCLT), Reserve Bank of India ( RBI ), and the courts for mergers, demergers, acquisitions, or restructurings erode the financial logic

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