Ola gets CCI approval for investments by Temasek, Warburg Pincus

As per reports, the Competition Commission of India has granted the shared proposal by companies like MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies and stakes in taxi and rickshaw services.

As per reports, the Competition Commission of India has granted the shared proposal by companies like MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies and stakes in taxi and rickshaw services. Ola which are accumulated around India and abroad. Following the data, MacRitche is an investment company that is known to be a subsidiary of a Singapore based company.

Another investment company Plum wood is said to be benefited, with Warburg Pincus LLC as its major shareholder. This company is said to have headquarters in New York and also enacts a manager of the private equity funds. On 9 July the Ola company enlisted to have an investment of USD 500 million, which was way forward than the given IPO.

This is among the biggest interests in the Indian shopper web space by these assets, an assertion had said. Arrangements past a specific limit require the endorsement of CCI Established in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola offers administrations in India, Australia, New Zealand and the UK.

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