In the fast-paced world of corporate deals, mergers, acquisitions, and amalgamations are powerful tools for growth. However, unchecked consolidation can harm competition, raise prices, reduce choices, and stifle innovation. That’s where India’s Competition Act, 2002 steps in. The Act regulates “Combinations” — a term that broadly covers mergers, acquisitions, and amalgamations — to ensure they do not cause an Appreciable Adverse Effect on Competition (AAEC) in the Indian