Question

Recently the Competition Commission of India (CCI) has approved a proposed deal involving Serum Institute and which two other companies?

A Covaxin and Biocon Biologics Correct Answer Incorrect Answer
B Covishield and Pfizer Correct Answer Incorrect Answer
C Covidshield and Biocon Biologics Correct Answer Incorrect Answer
D Sputnik and Biocon Biologics Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The Competition Commission of India (CCI) has approved a proposed deal involving Serum Institute Life Sciences, Covidshield Technologies and Biocon Biologics. Once the deal is complete, Serum Institute Life Sciences Pvt Ltd will have about 15 per cent stake in Biocon Biologics Ltd.

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