CCI Greenlights Jumbotail’s Proposal To Acquire Solv India

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The Competition Commission of India (CCI) has cleared a multi-layered deal involving B2B marketplace Jumbotail Technologies’ proposed acquisition of Solv India.

The CCI said in a statement that the proposed combination relates to the acquisition of 100% shareholding in Standard Chartered Research and Technology India-owned Solv India by Jumbotail.

However, the financial terms of the deal were not disclosed.

Meanwhile, reports in February suggested that the buyout deal would be pegged at about $50 Mn (INR 428 Cr).

In March, Solv India…



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CCI Greenlights Jumbotail’s Proposal To Acquire Solv India


The Competition Commission of India (CCI) has cleared a multi-layered deal involving B2B marketplace Jumbotail Technologies’ proposed acquisition of Solv India.

The CCI said in a statement that the proposed combination relates to the acquisition of 100% shareholding in Standard Chartered Research and Technology India-owned Solv India by Jumbotail.

However, the financial terms of the deal were not disclosed.

Meanwhile, reports in February suggested that the buyout deal would be pegged at about $50 Mn (INR 428 Cr).

In March, Solv India…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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