New Enroll in RBI Grade B New Batch - Starts on May 21

    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.
    A Only A and B Correct Answer Incorrect Answer
    B Only A and C Correct Answer Incorrect Answer
    C Only B and C Correct Answer Incorrect Answer
    D Only B Correct Answer Incorrect Answer
    E A, B, and C Correct Answer Incorrect Answer

    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.

    Practice Next

    Relevant for Exams: