Acquisition of shares by Plum Wood Investment in ANI technologies approved by CCI

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New Delhi: The Competition Commission of India (CCI) approves acquisition of shares by Plum Wood Investment and voting rights by Mr. Bhavish Aggarwal in ANI Technologies Private Limited.

The proposed combination envisages the acquisition of shareholding and certain rights in ANI Technologies Private Limited (ANI) by Plum Wood Investment Limited (Plum Wood). The proposed combination also envisages the acquisition of certain voting rights by Mr. Bhavish Aggarwal in ANI.

ANI is engaged in operating an internet and mobile technology platform which provides taxi and auto-rickshaw aggregation services under the brand name Ola. ANI through its subsidiaries is, inter alia, engaged in the businesses of manufacturing and selling food, digital payments, etc.

Detailed order of the CCI will follow up soon.