Question
Which of the following statements accurately reflects
the approvals granted by the Competition Commission of India (CCI) in July 2024? A) Transactions involving Amazon Asia-Pacific Holdings Private Limited, Frontizo Business Services Private Limited, Appario Retail Private Limited, Haverl LLC, and Clicktech Retail Private Limited. B) Acquisition by Manipal Health Systems Private Limited and MEMG Family Office LLP of Vedantu Innovations Private Limited. C) Acquisition of a 16.12% stake in Shriram GI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited.Solution
On 23rd July 2024, the CCI approved transactions involving several entities including Amazon Asia-Pacific and others, and the acquisition of a stake in Shriram GI Holdings by Sanlam Emerging Markets. The acquisition noted in option B was actually pertaining to Aakash Educational Services Limited, not Vedantu Innovations.
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