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…
