[[{“value”:”
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 mentioned that its investor SC Ventures nodded in favour of its acquisition by Jumbotail.
(The story will be updated soon.)
The post CCI Greenlights Jumbotail’s Proposal To Acquire Solv India appeared first on Inc42 Media.
“}]]
Read More Latest Startup News From The Indian Startup Ecosystem – Inc42 Media