New Delhi: Competition Commission of India (CCI) on Monday gave its approval for a proposed deal that includes softbank group Entity buying stake in food ordering and delivery platform Swiggy.
SVF II Songbird (from) LLC According to a notice filed with the regulator, Bundle Technologies Pvt Ltd will acquire certain shareholding percentage.
SVF belongs to the SoftBank Group and is a newly incorporated entity established to make mid to long term financial investments in companies.
Bundle is a Private Limited Company incorporated in India and is engaged in the operations of Swiggy as per the notice.
The deal is expected to value Swiggy at $5 billion, a source said in April.
In a tweet on Monday, CCI said it has “approved the proposed acquisition of certain stake in Bundle Technologies (Swiggy)” by SVF II Songbird (SoftBank Group entity).
SVF II Songbird (from) LLC According to a notice filed with the regulator, Bundle Technologies Pvt Ltd will acquire certain shareholding percentage.
SVF belongs to the SoftBank Group and is a newly incorporated entity established to make mid to long term financial investments in companies.
Bundle is a Private Limited Company incorporated in India and is engaged in the operations of Swiggy as per the notice.
The deal is expected to value Swiggy at $5 billion, a source said in April.
In a tweet on Monday, CCI said it has “approved the proposed acquisition of certain stake in Bundle Technologies (Swiggy)” by SVF II Songbird (SoftBank Group entity).
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