FDI policy changes to impact investments from China amid Covid-19 lockdown

The government's change in foreign direct investment (FDI) policy and strict measures to curb opportunistic takeover due to Covid-19 crisis is expected to have a significant impact on investment by Chinese players like Alibaba, Tencent and Xiaomi in companies such as Paytm, Ola, Bigbasket, Byju's, Dream11, MakeMyTrip and Swiggy for follow up funding. 

This is also expected to reduce the inflow of investments in new companies as well as the merger and acquisition scenario in the country. However, there is a view that the press note 3 regarding FDI in India will have a greater impact on listed entities. 

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