US shutdown casts its shadow on Indian firms

SEC and CFIUS operating with limited staff, slowing filings

- URVI MALVANIA

THE CONTINUING SHUTDOWN of the US government is having a ripple effect on corporate activity for Indian companies with American exposure, as curtailed operations at agencies delay clearances and filings required for cross-border actions.

Infosys and Hindalco are among those now facing procedural holdups as the Securities and Exchange Commission (SEC) and the Committee on Foreign Investment in the United States (CFIUS) are operating with limited staff.