To avoid hostile takeovers amid COVID-19, India mandates approvals on Chinese investments

Chinese investors, who have poured about $6 billion into Indian startups in the last two years, will be subjected to tougher scrutiny for their future investments in the world’s second largest internet market. India amended its foreign direct investment policy on Saturday to require all neighboring nations with which it shares a boundary to seek approval from New Delhi for their future deals in the country. Previously, only Pakistan and Bangladesh were subjected to this requirement.
Read more: https://techcrunch.com/2020/04/18/to-avoid-hostile-takeovers-amid-covid-19-india-mandates-approvals-on-chinese-investments/?source=Snapzu