The govt is planning to amend a law which is holding up mergers and acquisitions in the distressed commodities and mining sector.
- The current law is holding up mergers and acquisitions worth thousands of crore.
- The deals are stuck in a no-go zone due to the Mines and Minerals (Development and Regulation) Act of 2015.
- The act doesn’t allow transfer of captive mines allotted to end-user plants in the past.
- Govt. will amend this act because there is no alternative method to allow such acquisitions of captive mineral assets in the present law.