Chinese e-commerce giant Alibaba has received anti-trust regulator CCI’s approval for buying 4.14% stake in Snapdeal.
A leading online marketplace, Snapdeal has been raising funds from various investors in recent times.
Competition Commission of India has approved the “acquisition of approximately 4.14% equity share capital of Jasper Infotech by Alibaba group,” the regulator said in a tweet.
Full content: Streetwise Report
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