The deal, part of the Jaypee Group's plan to cut Rs 60,000-crore debt, follows months of negotiations.
Experts say despite it being a global deal, the transaction will have to undergo CCI scrutiny because of the scale of operations.
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.
'Pay-for-delay' settlements between drug patent-holders and generics manufacturers to delay the launch of cheaper generic medicine are increasingly being scrutinised by antitrust regulators
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