PE Hotspot: New India Takeover Rules Could Boost Activity

Law360, New York (October 31, 2011, 1:50 PM EDT) -- Taking a company private has long been an excruciating undertaking in India, where minority shareholders are under no obligation to sell, but legal experts say new rules designed to increase foreign investment will give acquirers slightly more power.

Long an alluring target to outside investors, India has nonetheless seen levels of foreign direct investment fall from a high of more than $41 billion in 2008 to about $24 billion last year according to the World Bank, prompting some concern that existing acquisition rules are partly to...
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